It is important that any policy response to consequential structural adjustment occurs with minimal disruption rather than seeking to prevent adjustment . How should fiscal policy respond to the substantial terms of trade gains ? The authorities ' budget projection , which is similar to the OECD 's , predicts a fall in the consolidated general government surplus from 1 .3 of GDP in 2005 /06 to 0 .5 of GDP in 2006 /07 , with the federal tax cuts imparting some fiscal stimulus . How large...











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