A few months ago the talk of almost all the Asian and Western economies was the US Federal Reserve stimulus program. This hit the emerging economies of India, Brazil, Indonesia as the wealthy people in these countries began to invest in the US markets believing the the US economy is going to recover with rise in interest rates. Debts are only increasing in the world and there is an "imbalance"(a word seen often in the accountants' trajectory)..lol
All this also affected the land down under. And the slowing growth in Australia did not help much with falling exports from this region.
Now with the Budget released a couple of days ago my concern is how is this going to help or "not help" the unemployed. With the "harsh" measures of the "Repair Budget" where in there are budget contributions towards infrastructure development of about 11.6 billion; wherein government has also planned funds towards Entrepreneurs' Infrastructure Program and Growth programs, encouraging more jobs and new businesses, i wonder how the unemployed who are on Government support take the budget. Along with major cuts in the various employments support programs and activities, job seekers seeking benefits and welfare support would be under a more stringent eye of the Government. Also with the increase in age limit for the New Start from 22 to 25 and the six months on and off cycle to be eligible for New Start; it is stricter limits than the smooth eligibility before. The fund allocation towards the dole program suggest the same measure of encouraging people to work and earn the benefits, as it would be compulsory for people between age 18 and 30 to work with budget allocations provided to the job brokers. These measures are impressive in terms of encouraging people to work rather than survive on government support.
The question is with industries dooming in Australia(and the Automotive Industry measures decided but not yet announced), to what extent would these support structure reduction help the redundant employees. And to top it up the harsh budget impact on families with the limit for family tax benefit increased might not make the genuine hardworking Aussie bunch.
All this also affected the land down under. And the slowing growth in Australia did not help much with falling exports from this region.
Now with the Budget released a couple of days ago my concern is how is this going to help or "not help" the unemployed. With the "harsh" measures of the "Repair Budget" where in there are budget contributions towards infrastructure development of about 11.6 billion; wherein government has also planned funds towards Entrepreneurs' Infrastructure Program and Growth programs, encouraging more jobs and new businesses, i wonder how the unemployed who are on Government support take the budget. Along with major cuts in the various employments support programs and activities, job seekers seeking benefits and welfare support would be under a more stringent eye of the Government. Also with the increase in age limit for the New Start from 22 to 25 and the six months on and off cycle to be eligible for New Start; it is stricter limits than the smooth eligibility before. The fund allocation towards the dole program suggest the same measure of encouraging people to work and earn the benefits, as it would be compulsory for people between age 18 and 30 to work with budget allocations provided to the job brokers. These measures are impressive in terms of encouraging people to work rather than survive on government support.
The question is with industries dooming in Australia(and the Automotive Industry measures decided but not yet announced), to what extent would these support structure reduction help the redundant employees. And to top it up the harsh budget impact on families with the limit for family tax benefit increased might not make the genuine hardworking Aussie bunch.
