Federal Budget Review

Building Economics SRE270 The Federal Budget: An Analysis Lynda Clark 500157748 Table of content Table of Contents2 administrator Summary3 Budget at a look3 Inflation4 The Building Australia Fund5 little Projects6 A shoot for to Call Home6 First Home Builders Grant6 Conclusions7 Executive Summary The Federal Budget was the first for Labour for 12 years. thither was relatively little speculation that it would be anything special. However, there is a lot much than meets the eye to the federal budget with regards to both(prenominal) the current situation in Construction, and the future. Herein, the new budget exit be analysed to provide an insight as to what the Construction pains may forecast for the future. Budget at a Glance The gimmick industry features heavily in both positive and damaging aspects. The Budget has a lot of spending which is purportedly outweighed by savings. But does this tackle the issue of inflation which has such an encroachment on construction? The Building Australia Fund is an important knock off fund, however there are no details as to where or when these funds will be utilised.

So the elemental issues to be looking at are: Inflation The Building Australia Fund Smaller Projects Inflation The Budget purports to have cut spending, however, this does not appear to be the case. They have actually promised to spend more, but cut more, which provides a nice illusion. The question is, can the economy handle the latest budget, or will interest rates continue to cram? The Reserve Bank of Australia cannot guarantee that we will not keep in line further interest rate rises, therefore putting more pressure home buyers. There is also the added strain of set about housing approvals and construction approvals. This does not aid the current republic of Construction in Australia. Inflations Effects The Construction manufacturing has historically been a significant indicator of the state of the... If you take to get a full essay, order it on our website: Orderessay

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