How Does the Australian Government Pay for Things?
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Sociocultural Australis is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. The government gets permission from Parliament to spend money. The Treasury tells the Reserve Bank of Australia (RBA) to add money to someone's account. The Australian government pays for things by adding money to banks' accounts.
How Does the Australian Government Pay for Things?
How Does the Australian Government Pay for…
How Does the Australian Government Pay for Things?
Sociocultural Australis is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. The government gets permission from Parliament to spend money. The Treasury tells the Reserve Bank of Australia (RBA) to add money to someone's account. The Australian government pays for things by adding money to banks' accounts.