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monetary question Budget aggregates and major economic parameters() Actual Estimates Projections 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Total(a) Underlying cash balance -33.2 -18.2 -14.5 2.2

monetary question

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Budget aggregates and major economic parameters() Actual Estimates Projections 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Total(a) Underlying cash balance -33.2 -18.2 -14.5 2.2 11.0 16.6 15.3 ($b)(b) Per cent of GDP 1.9 1.0 -0.8 0.1 0.5 0.8 Net operating balance -32.1 -12.6 -2.4 8.6 19.6 27.4 53.2 ($b) Per cent of GDP 1.8 0.7 0.1 0.4 0.9 13 a. What is the planned outcome for the budget 2018-19? b. Describe the stance (expansionary or contradictory) of fiscal policy in 2018-19 I c. Describe the effect this budget of part (b) will have on aggregate demand, output, and the price level. Use the following diagram to illustrate your

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