The current Australian Government's approach to managing the economy is focused on promoting economic growth through policies that support business investment, job creation, and strong economic fundamentals. This includes initiatives such as tax cuts for businesses, infrastructure spending, and deregulation to reduce barriers to growth.
In terms of social costs, the government's approach is to balance economic growth with social welfare programs and services. This involves measures to address income inequality, support for vulnerable populations, and investment in education, healthcare, and social services.
Overall, the government aims to maintain a strong economy while also ensuring that the benefits of growth are shared fairly among all members of society.
What is the current Australian Government’s approach to managing the economy and to related social costs?
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