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The government budget balance, also referred to as the general government balance, [1] public budget balance, or public fiscal balance, is the difference between government revenues and spending. For a government that uses accrual accounting (rather than cash accounting ) the budget balance is calculated using only spending on current ...
The discussion of fiscal imbalance and equalisation was of particular importance in the drafting of the new Iraqi constitution. It was a sticking point for the drafting process—with the oil rich regions seeking to minimise the reallocation of revenue while other regions sought to maximise equalisation payments.
The plan calls for at least $1.5 trillion in spending cuts, a $4.5 trillion overhaul of the tax code and a $4 trillion increase to the national debt limit – none of which is included in the ...
While the concept of horizontal fiscal imbalance is relatively non controversial (as explained above), there is a lively debate around the concepts of vertical fiscal imbalance and vertical fiscal gap (see Boadway 2002 [3] Bird 2003 [4]).
(The Center Square) – Thomas Schatz, president of Citizens Against Government Waste, testified before Congress this week about the need for financial reform in the government. "The budget has ...
Channel 5 (also known as "Channel 5 with Andrew Callaghan" on YouTube) is an American digital media company and web channel, billed as a "digital journalism experience." [ 2 ] The show is a spinoff of the group's previous project, All Gas No Brakes , which was itself based on the book of the same name.
SAPs are created with the stated goal of reducing the borrowing country's fiscal imbalances in the short and medium term or in order to adjust the economy to long-term growth. [3] By requiring the implementation of free market programmes and policy, SAPs are supposedly intended to balance the government's budget, reduce inflation and stimulate ...
Government deficit spending is a central point of controversy in economics, with prominent economists holding differing views. [3]The mainstream economics position is that deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit (i.e., permanent deficit): The government should run deficits during recessions to ...