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gov policies

Economic aims & their policies

QuestionAnswer
Economic growth 1. Reduce interest rates 2. reduce corporation tax 3. Increase gov spending - stimulation 4. Reduce indirect tax ie) VAT
public finances 1. Cut gov spending 2. Increase taxation 3. Borrowing- (this increases national debt)
Adequate infrastructure 1. Direct government infrastructure 2. PPP- Public private partnerships
Inflation 1. Increase interest rates 2. wage freeze 3. Price controls
Full employment 1. Reduce PRSI and VAT 2. Increase public sector employment ie) Gardai 3. Devalue the euro- increase competitiveness
Balance of payments 1. Devalue the euro 2. Increase tariffs on imports 3. Subsidise exports
Regional development 1. Increased spending on infrastructure 2. Grants and subsidies for businesses located in the BMW
Redistribution of wealth 1. Increase progressive taxation 2. provide fair welfare payments 3. Offer education grants
Created by: 1801068583361003