Federal Government Budget 2011/2012The Australian Budget is an annually published document detailing the Federal Government's plans to influence the level of economic activity, the allocation of resources and the distribution of income through the use of fiscal policy measures. It sets out the framework that the Government intends to follow during the next financial year which will lead to the achievement of its objectives. The budget is a publication of the government's plans regarding the use of fiscal policy and is published to parliament and the general public on 'budget night', so as to allow open dissemination on the state of public finances and promote transparency in the Australian tax system. politics. The 2011-2012 budget will have a strong impact on a number of issues, including economic growth, employment, inflation, external balance, ecologically sustainable development and equitable income distribution. Fiscal decisions made in this budget could potentially impact other major economic management weapons, such as monetary policy, which will be discussed later. One of the key features of the federal government's 2011-2012 budget is that it will return to surplus in 2012-2013 and, as such, the budget is being implemented as a three-year plan. This will be achieved by continuing to invest in Australia's manufacturing capacity and by slightly cutting spending across a variety of sectors. Alongside this, there has been increased spending on strengthening Australia's workforce, increased spending on infrastructure, improving hospitals and healthcare, improving schools, helping families and workers to low income and investment in regional areas. The overall aim of the budget is to create a “leaner, meaner and more efficient” economy and… middle of paper… Australia's workforce, infrastructure, schools, hospitals and healthcare, help for families and low-income workers and investments in regional areas. By implementing these strategies the Government will have created a stronger and more efficient economy, and the focus on a stronger workforce will encourage future economic growth and development for Australia. Bibliography http://www.budget.gov.au/http://moneybasics .nab.com.au/category/federal-budget-2011http://www.heraldsun.com.au/news/special-reports/this -budgets-steady-as-she-goes/story-fn8menqx-1226053607112http:/ /www.ipac.com.au/Federal-Budget.aspx?gclid=CJ6Nkv_csakCFdIeHAodtBD9LAYear 12 Economics 2010 – Tim Riley, published 2009, Tim Riley Publications .http://www.youtube.com Federal Budget Presentation 2011 - Mark Simkinhttp:/ /www.ubs.com/1/e/hsceconomics/elearning/australias_place.html