The cap on the number of university places will be removed from 2012, opening up tertiary posts for an additional 50,000 students. Too bad we'll be graduating next year and we cannot benefit from the decision
In regards to the budget, I believe the increase in funds for Universities is an excellent choice by the government. The budget attempts to have 40% of 25 – 34 year olds have a bachelor degree by 2025. This means that Australian workers are more skilled for after the recovery from the recession. By planting the seeds for future generations, youth who are facing up to double the percent of unemployment will have a greater chance of finding their career.
The government's investment in building new infrastructure is a great decision. With $22 billion being invested into building infrastructure, this will support 15,000 jobs every year which is an excellent method in aiding employment issues.
i rekon by the government investing money into bulding more infrastructure is going to be excellent for supporting jobs and creating new jobs. Also the building of new infrastructure will increase the productivity of our economy
Fiona - year 11 economics: "About the 2009 Budget with K.Rudd, I have mixed feelings about it. From the PM's view he's doing something good - I guess, but with all the 'Stimulus Packages' it was only predictable that our deficit thingy would be A LOT of money in the future. Speaking of which how is it paid off?"
There are for starters, definitely a great number of changes to the budget which will affect almost everyone. Most of these seem positive, however I'm not too sure of the future implications of these choices. The first change which struck me was the first home owners boost, which involves $7000 for the purchase of existing homes and $14,000 for new homes, which has been extended for another six month period. I like this because firstly it helps people to purchase their own homes, especially in times where rent has risen, and buying homes for the first time isn't exactly cost saving. This encouragement for people to buy homes will have a positive impact on the housing market and I also think that it would stimulate some jobs when it comes to building he new homes. Perhaps, demand for builders in the house-building industry will allow for younger workers an opportunity to participate. I surely know that this boost will help people wishing to make the switch from rent/living with their parents (or other situations!)And in the long run of course, owning a house, as opposed to not owning a house is much more beneficial and secure. Sir, if I'm wrong.... please don't publish my comment!! haha!
I think the way the government has decided to raise the budget in infrastructure is a great idea because not only can that support jobs but efficient infrastructure is essential by encouraging Australia's future productivity and prosperity. The investment of 22 billion to improve on the efficiency and quality of transport, communications, energy, education and health infrastructure in Australia. This could provide a sustained boost to the economy now, and I think that it's important because our economy is currently in recession and the boost is needed to get the economy back up and spending. It would also improve the productivity capacity of the economy. By doing this it will help position Australia to a better and brighter future beyond the global recession.
The budget seems worse than it actually is, because, even though we're in debt by... lotsa money, it has saved many jobs and will enable us to retain a closer curve to the "ideal curve" (that staight line) in the long term :)
In the 2009 Australian federal budget it was decided that $2.7 billion would be spent for higher education, research and development. This is a positive aspect of the budget because investment in these areas will result in a higher level of future economic growth because Australia will have an increase in innovation and the skills base of its workforce.
I feel that the Rudd government's decision to act on the country's spending by influencing the population with it's fiscal policy has had more of a negative affect rather than a good one. I think this is mainly due to the response of the reciever's of the stimulus and the payout to save and hold back rather than stimulate the economy and spend the money. I think that the goverment should be looking for ways in which they are saving jobs, rather than trying to persuade people to spend more.
I think it's a good decision compared to the others that the Rudd government have made, a logical way to keep money flowing through the economy, and it will benefit numerous people.
The government decides whether or not to run a budget deficit or budget surplus. This supports jobs today by investing in the infrastructure for Australia's future needs.
I think the 2009 budget proposed by the Labour party is irresponsible. Going into a large deficit, the highest in three quarters of a century. It will take a long time to pay back all the debt with interest. However, by spending such a large amount of money Labour is attempting to boost spending which will stimulate the economy at such a critical time.Hopefully this will decrease the unemployment rate. They will have to make difficult choices to sustain the budget.
Andrew. In this year's budget, the government has invested 22 billion dollars into the buildings and infrastructure industry. This provides jobs for workers to build roads, metropolitan lines, hospitals etc thus decreasing the rate of unemployment at the same time. From the investment, the government has achieved a more stable employment rate and a better way of life in future preferences.
hmmm , the first home owners grant! does it come with a signs saying "only for responsible people?" . As kevin Rudd has nicely sugar coated the extention of it , interest is low !!( the fish will take the bait). What happens to the silly people that don't fix their rates and can not cope when interest increases?
CUT A WOUND , AND THEN...... BANDAGE IT!! BILLIONS will be invested into the health system via hospitals and nursing ,,, but (the catch) the health care rebate will be decreased for some and lost by others ,which will put a heaver burden on the system as many will leave private health care.
DOCTORS FEES will be cut from Medicare.. does this mean ,That we will be paying for more excess?
retirement...extenting the pension age to 67 will take its toll ! , while it may give the government some kind of time delay and save a little money now.It will give the government a gap of two years for those about to retire and decrease the numbers of those to enter the work force, decreasing available jobs.
In the long run who will pay for this? 'THE WORKER'
'The dismal truth'- ANY BUDGET WILL EFFECT PEOPLE IN ONE WAY OR ANOTHER, BUT THIS ONE WILL EFFECT MY AND FUTURE GENERATIONS!AS THIS COUNTRY WILL BE IN A HUGE DEFICIT.
I personaly find the budget like a little scam!on the labour governments behalve as they make it seem all good on the outside with cash hand outs , but as an economist i look for the truth ! and in the end 'the worker' and workers of future generations will suffer the consequences of these decisions.
As a more positive alternative... ,instead of cash hand-outs the government could put more revenue into government construction e.g schools with asvestous (as we see on the news) , nursing which we are short of in order to boost the economy in the way of more jobs.Rather than buying my neighbour 'Bob' A NEW LCD television 'MADE IN CHINA'! (& helping boost the chinese economy :S)
How will my and future generations pay this back !!!.... with interest?
I believe that in this falling economy, one should actively participate and in turn, influence a greater amount of the population over time, to participate in an economic scheme to take over the world... or retain a healthy economy with HEAAAAAAAAPPPPS of GDP for all ^.^
I belive the 2009 budget was quite interesting. Alot of changes occured and alot of promises were made. The fact i liked was that 40% of 25-34 yr olds will have a degree. Also their promise of govt spending to decrease unemployment and create infrastructure.
The cap on the number of university places will be removed from 2012, opening up tertiary posts for an additional 50,000 students. Too bad we'll be graduating next year and we cannot benefit from the decision
ReplyDeleteIn regards to the budget, I believe the increase in funds for Universities is an excellent choice by the government. The budget attempts to have 40% of 25 – 34 year olds have a bachelor degree by 2025. This means that Australian workers are more skilled for after the recovery from the recession. By planting the seeds for future generations, youth who are facing up to double the percent of unemployment will have a greater chance of finding their career.
ReplyDeleteThe government's investment in building new infrastructure is a great decision. With $22 billion being invested into building infrastructure, this will support 15,000 jobs every year which is an excellent method in aiding employment issues.
ReplyDeletei rekon by the government investing money into bulding more infrastructure is going to be excellent for supporting jobs and creating new jobs. Also the building of new infrastructure will increase the productivity of our economy
ReplyDeletematt b
I don't want to work until I'm 67!!
ReplyDeleteFiona - year 11 economics:
ReplyDelete"About the 2009 Budget with K.Rudd, I have mixed feelings about it. From the PM's view he's doing something good - I guess, but with all the 'Stimulus Packages' it was only predictable that our deficit thingy would be A LOT of money in the future. Speaking of which how is it paid off?"
YAY, I Finished 'homework'! :D
There are for starters, definitely a great number of changes to the budget which will affect almost everyone. Most of these seem positive, however I'm not too sure of the future implications of these choices. The first change which struck me was the first home owners boost, which involves $7000 for the purchase of existing homes and $14,000 for new homes, which has been extended for another six month period. I like this because firstly it helps people to purchase their own homes, especially in times where rent has risen, and buying homes for the first time isn't exactly cost saving. This encouragement for people to buy homes will have a positive impact on the housing market and I also think that it would stimulate some jobs when it comes to building he new homes. Perhaps, demand for builders in the house-building industry will allow for younger workers an opportunity to participate. I surely know that this boost will help people wishing to make the switch from rent/living with their parents (or other situations!)And in the long run of course, owning a house, as opposed to not owning a house is much more beneficial and secure. Sir, if I'm wrong.... please don't publish my comment!! haha!
ReplyDeleteI think the way the government has decided to raise the budget in infrastructure is a great idea because not only can that support jobs but efficient infrastructure is essential by encouraging Australia's future productivity and prosperity. The investment of 22 billion to improve on the efficiency and quality of transport, communications, energy, education and health infrastructure in Australia. This could provide a sustained boost to the economy now, and I think that it's important because our economy is currently in recession and the boost is needed to get the economy back up and spending. It would also improve the productivity capacity of the economy. By doing this it will help position Australia to a better and brighter future beyond the global recession.
ReplyDeleteThe budget seems worse than it actually is, because, even though we're in debt by... lotsa money, it has saved many jobs and will enable us to retain a closer curve to the "ideal curve" (that staight line) in the long term :)
ReplyDeleteSingle aged pensioners will receive $32.49 more a week; couples will get an extra $10.14.
ReplyDeleteBut despite an increase in cash, future retirees will have to work longer to get it.
The Government has announced a staggered increase in the aged pension from 2017 with an aim to settle it at 67 in 2023.
This means people who are currently aged in their mid-40s will have to work an extra two years before they can receive the aged pension.
The aged pension currently kicks in at 65 years for men and 63 years and six months for women.
Alex Grimaldi.
In the 2009 Australian federal budget it was decided that $2.7 billion would be spent for higher education, research and development. This is a positive aspect of the budget because investment in these areas will result in a higher level of future economic growth because Australia will have an increase in innovation and the skills base of its workforce.
ReplyDeleteI feel that the Rudd government's decision to act on the country's spending by influencing the population with it's fiscal policy has had more of a negative affect rather than a good one. I think this is mainly due to the response of the reciever's of the stimulus and the payout to save and hold back rather than stimulate the economy and spend the money.
ReplyDeleteI think that the goverment should be looking for ways in which they are saving jobs, rather than trying to persuade people to spend more.
I think it's a good decision compared to the others that the Rudd government have made, a logical way to keep money flowing through the economy, and it will benefit numerous people.
ReplyDeleteThe government decides whether or not to run a budget deficit or budget surplus. This supports jobs today by investing in the infrastructure for Australia's future needs.
ReplyDeleteI think the 2009 budget proposed by the Labour party is irresponsible. Going into a large deficit, the highest in three quarters of a century. It will take a long time to pay back all the debt with interest.
ReplyDeleteHowever, by spending such a large amount of money Labour is attempting to boost spending which will stimulate the economy at such a critical time.Hopefully this will decrease the unemployment rate.
They will have to make difficult choices to sustain the budget.
Andrew.
ReplyDeleteIn this year's budget, the government has invested 22 billion dollars into the buildings and infrastructure industry. This provides jobs for workers to build roads, metropolitan lines, hospitals etc thus decreasing the rate of unemployment at the same time.
From the investment, the government has achieved a more stable employment rate and a better way of life in future preferences.
2009 budget - WOW! :S
ReplyDeletewere do u start ?
hmmm , the first home owners grant! does it come with a signs saying "only for responsible people?" . As kevin Rudd has nicely sugar coated the extention of it , interest is low !!( the fish will take the bait). What happens to the silly people that don't fix their rates and can not cope when interest increases?
CUT A WOUND , AND THEN...... BANDAGE IT!!
BILLIONS will be invested into the health system via hospitals and nursing ,,, but (the catch) the health care rebate will be decreased for some and lost by others ,which will put a heaver burden on the system as many will leave private health care.
DOCTORS FEES will be cut from Medicare.. does this mean ,That we will be paying for more excess?
retirement...extenting the pension age to 67 will take its toll ! , while it may give the government some kind of time delay and save a little money now.It will give the government a gap of two years for those about to retire and decrease the numbers of those to enter the work force, decreasing available jobs.
In the long run who will pay for this?
'THE WORKER'
'The dismal truth'- ANY BUDGET WILL EFFECT PEOPLE IN ONE WAY OR ANOTHER, BUT THIS ONE WILL EFFECT MY AND FUTURE GENERATIONS!AS THIS COUNTRY WILL BE IN A HUGE DEFICIT.
I personaly find the budget like a little scam!on the labour governments behalve as they make it seem all good on the outside with cash hand outs , but as an economist i look for the truth ! and in the end 'the worker' and workers of future generations will suffer the consequences of these decisions.
As a more positive alternative... ,instead of cash hand-outs the government could put more revenue into government construction e.g schools with asvestous (as we see on the news) , nursing which we are short of in order to boost the economy in the way of more jobs.Rather than buying my neighbour 'Bob' A NEW LCD television 'MADE IN CHINA'!
(& helping boost the chinese economy :S)
How will my and future generations pay this back !!!.... with interest?
Truthfully yours ,
Rannae Arthur
I believe that in this falling economy, one should actively participate and in turn, influence a greater amount of the population over time, to participate in an economic scheme to take over the world... or retain a healthy economy with HEAAAAAAAAPPPPS of GDP for all ^.^
ReplyDelete- Supaah Dupahh Azn Benji
I belive the 2009 budget was quite interesting. Alot of changes occured and alot of promises were made. The fact i liked was that 40% of 25-34 yr olds will have a degree. Also their promise of govt spending to decrease unemployment and create infrastructure.
ReplyDeletei'm done:)
love u all
KISS KISS haha