An Analysis of the 2003-4 Australian Budget Essay

This research essay will evaluate and judge certain parts of the 2003-2004 budget put forward by Treasurer Peter Costello and the Howard Government on Tuesday the 13th of May. It is my opinion that the budget has not been equitable in some areas of fund distribution. The budget will be assessed on the three following criteria. †¢ The First Criterion: Is the budget equitable to all the areas of our economy? †¢ The Second Criteria: Is the budget equitable to the majority of Australian Citizens? †¢ The Third Criteria: Does the Government Address the Problems of Medicare and Higher Education? bThe First Criterion: Is the budget equitable to all the areas of our economy? /b Any budget bought forward by the government will†¦show more content†¦Ã¢â‚¬Å"I am astounded that in a year such as this, with all the Governments chest-beating about our brave soldiers, they have basically forgotten our veterans again, he said. Along with the $1.65 billion in defense, an extra $411 million has been committed to Australias national security. The budget also puts $3 billion to be spent over 4 years on state of the art air-to-air aircraft refuellers and helicopter technology and $156 million to be spent over 4 years in increasing our SAS task force by 30 personnel. All in all, the Australian militarys ability to deploy forces to US-led coalitions and overseas terror trouble spots will be boosted by a $15 billion defense budget. Let us compare this now with the additional funding given to the higher education department. $1.46 billion over 4 years which deregulates course numbers and HECS fees up to what could be 30% higher. Minister for Education Brendan Nelson says We have finally set universities free by allowing them to set there own fees. 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