SCPL2601 Lecture Notes - Lecture 10: Decommodification, Flat Tax, Progressive Tax
23 May 2018
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Department
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Professor
WEEK 10: BUDGET 2018-19:
• Initial Reactions:
o What were the initiatives/measures included in the budget speech?
o What as your oerall respose to it? Who eefited? Who didt?
o What kid of story or arratie did the Treasurer tell i his speeh or media interviews?
• Rough Budget Timeline:
o
• Key Budget Documents:
o Budget Paper No. 1
• Outlines the governments budget priorities and economic strategy.
• It includes details of the economic assumptions over the forward estimates and
historical data
o Budget Paper No. 2
• outlines revenue measure included in the budget and expenditure by portfolio
o Budget Paper No. 3
• Financial relations/payments to the states
o Budget paper No. 4
• how portfolios and agencies are resourced
o Appropriations Bills
o Portfolio Budget Statements (PBS), Fact Sheets and Media Releases
• Social Services Portfolio
▪ Encouraging Lawful Behaviour amongst income support recipients
▪ Extending Cashless Debit Card Trial
▪ Extended Support for Rural/Regional Students
▪ self-suffiiey for igrats
▪ Department of Health
▪ Mental Health Funding
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Who did(cid:374)(cid:859)t: what ki(cid:374)d of (cid:858)story(cid:859) or (cid:374)arrati(cid:448)e did the treasurer tell i(cid:374) his spee(cid:272)h or media interviews, rough budget timeline, key budget documents, budget paper no. 1: outlines the governments budget priorities and economic strategy. It includes details of the economic assumptions over the forward estimates and historical data: budget paper no. 2: outlines revenue measure included in the budget and expenditure by portfolio, budget paper no. Financial relations/payments to the states: budget paper no. 4: how portfolios and agencies are resourced. Appropriations bills: portfolio budget statements (pbs), fact sheets and media releases. Social services portfolio: encouraging lawful behaviour amongst income support recipients, extending cashless debit card trial, extended support for rural/regional students (cid:858)self-suffi(cid:272)ie(cid:374)(cid:272)y for (cid:373)igra(cid:374)ts(cid:859, department of health. Mental health funding: a 7 year tax plan, proposal, phase 1, 1 st july: increase 32. 5c from -90 000 (so first benefit goes to middle income earners)
