Economics

In the table below is a set of explanations. Match the term on the right (in green) with its correct explanation.

Explanation	Term	Options
Deliberate changes in budget revenue and expenditue to affect the level of economic activity.		MYEFO
An instrument of fiscal policy that smoothes out fluctuations in the level of economic activity.		automatic stabilisers
The estimated revenue and expenditure of the government for the next year and future years.		fiscal drag
Net operating balance minus net capital investment.		budget
The intended overall impact of the budget on the level of economic activity.		fiscal balance
Headline cash balance less net advances.		discretionary changes
A situation where taxpayers move into higher tax brackets due to wage rises and inflation.		contractionary fiscal policy
A method of collecting personal income tax.		underlying cash balance
Fiscal policy stance that reduces the size of the deficit or increases the size of the surplus.		fiscal stance
A revision of budget estimates that occurs in December or January each year.		PAYG