The Treasurer Bank Has 1.3 Trillion Dollars in it?If there is so much money there in the Australian Treasurer Bank, Why has there been no , Money to fix the below problems Health, Education , Enviroment, Unemployment, Climate Change, What Has the Liberal Party been doing all these years , Doing nothing but sqandering tax payers money on perks to suit themselves |
No incorrect!
I dont know your source but i think you have been confused between a couple of stats here.
We as a nation have an economy of approximately 1.3 trillon dollars in turnover currently, which obviously would continue to grow as the ecomony grows, at approximately 4% pa.
The government hold a surplus of approximately 17 billion dollars in the treasury at present which is more than 1% GPP, (1.3 trillion)Howard
Historically the goverments tend to keep a surplus (money just siting in the bank) of about 1% of our Gross Domestic Product (our ecomony's "value") but in times of stong economic growth as we are currently seeing with the mining boom the government usually keeps the incomming revenue from business taxes etc which inreases the surplus, this time arounfd though, the Howard goverment has been returning this excess surplus to us as a tax reduction, this in turn is putting added pressure on local inflation and causing the RBA to need to increse interest rates to curb spending and preventing overheating of the ecomony. Its a bit confusing but its like going around in circles and the Howard or the future Rudd government need to be careful with their handouts not to cause undue pressure on the economy.
The government should be putting money into the resourses that you identified in your question rather than pumping the money directly into our pockets where we may use it in a less rresponsible fashion.
That money is put there, so that the money in your pocket has value. If there is no value to the dollar you might as well be have scrap paper in your wallet.
There are a lot of Politicians pensions to pay for.
