The current stated fiscal policy of both major Australian political parties is to:

Question

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Both major Australian political parties aim to have a balanced budget over the course of the business cycle rather than just within a fiscal year. This means that during times of high economic growth, they may run deficits to fund investments and stimulate the economy, but during times of lower economic activity, they aim to run surpluses to ensure stability and avoid excessive debt levels. This approach allows for flexibility in responding to economic conditions while still maintaining overall fiscal responsibility.

The Current Stated Fiscal Policy of Both Major Australian Political