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BUDGET The Federal Budget 04 - 05 is a pre-election budget, so it has incentives for tax payers to vote for the current government. This year's budget is also expected to address the following issues: structural unemployment, the "greying" population and the declining birth rate. While still trying to achieve the goals of every government: strong economic growth, low unemployment and 2-3% inflation. The main features of the Federal Budget are: The Income section & the Expenditure section. The Income section of the Budget, forecasts the sources of revenue for the up coming financial year, the biggest part of the Income section is Income tax, with about 75% of the government's revenue coming from this section. The Expenditure section details which areas the government will spend its money in, in the upcoming financial year. The largest area of government spending will be transfer payments. Accounting for approx: 43% of the...

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