Budget and Economic Outlook: Fiscal Years 2011 to 2021 PDF Download

Author:
Publisher: DIANE Publishing
ISBN: 1437980732
Category :
Languages : en
Pages : 192

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Author:
Publisher: Government Printing Office
ISBN: 9780160877643
Category : Business & Economics
Languages : en
Pages : 192

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Book Description
The United States faces daunting economic and budgetary challenges. The economy has struggled to recover from the recent recession, which was triggered by a large decline in house prices and a financial crisis—events unlike anything this country has seen since the Great Depression. During the recovery, the pace of growth in the nation's output has been anemic compared with that during most other recoveries since World War II, and the unemployment rate has remained quite high. For the federal government, the sharply lower revenues and elevated spending deriving from the financial turmoil and severe drop in economic activity—combined with the costs of various policies implemented in response to those conditions and an imbalance between revenues and spending that predated the recession—have caused budget deficits to surge in the past two years. The deficits of $1.4 trillion in 2009 and $1.3 trillion in 2010 are, when measured as a share of gross domestic product (GDP), the largest since 1945—representing 10.0 percent and 8.9 percent of the nation's output, respectively. For 2011, the Congressional Budget Office (CBO) projects that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8 percent of GDP. The deficits in CBO's baseline projections drop markedly over the next few years as a share of output and average 3.1 percent of GDP from 2014 to 2021. Those projections, however, are based on the assumption that tax and spending policies unfold as specified in current law. Consequently, they understate the budget deficits that would occur if many policies currently in place were continued, rather than allowed to expire as scheduled under current law.

Author: Congressional Budget Office
Publisher: Government Printing Office
ISBN: 9780160927430
Category : Business & Economics
Languages : en
Pages : 184

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Reports on the state of the United States economy and the Federal budget.

Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 78

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Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 192

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Book Description

Author: Robert D. Lee
Publisher: Jones & Bartlett Publishers
ISBN: 1449627900
Category : Business & Economics
Languages : en
Pages : 671

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Now in its Ninth Edition, Public Budgeting Systems is a complete and balanced reference that surveys the current state of budgeting throughout all levels of the United States government. The text emphasizes methods by which financial decisions are reached within a system as well as ways in which different types of information are used in budgetary decision-making. It also stresses the use of program information, since, for decades, budget reforms have sought to introduce greater program considerations into financial decisions. The Ninth Edition has been updated to give particular attention to several recent developments in public budgeting and finance including: - Steps that have been taken by governments to battle the effects of the "Great Recession" and to enhance economic recovery. In the US, this includes the actions of the Federal Reserve as well as legislative efforts, such as the American Recovery and Reinvestment Act. - Significant increase in use of fiscal policy tools to stimulate economic recovery, in contrast to most recent previous 20 year period. - The federal government's direct role in the operations of the private sector will be explored. The government has become a major stockholder and therefore has a financial stake in seeing that corporations succeed. - Unprecedented federal deficits, as well as extreme budgetary challenges at the state and local level, including a discussion of causes and possible solutions. - Other changes during the Obama presidency, including the passage of comprehensive health care reform and changes in the management agenda. - Continued developments in financial and debt management, including additional GASB requirements and the effects of the recent economic contraction on the borrowing prospects for state and local governments. - Additional recognition of the effects of the global economy, resulting in an increase in the pages devoted to discussing international examples.

Author: Martin Schuldes
Publisher: LIT Verlag Münster
ISBN: 3643901534
Category : Business & Economics
Languages : en
Pages : 736

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The consolidation of public finance has become the most prevalent topic in recent policy discourse in the US. However, the political debate about fiscal "belt-tightening" stretches back to the last decades of the past millennium, induced by deteriorating economic conditions which followed the first oil price shock in the early 1970s. Retrenchment in the American Welfare State investigates to what extent different welfare state programs in the US were affected by cutbacks during the Republican Reagan era, on the one hand, and during the Democratic Clinton era on the other, and to what extent these cutbacks reveal certain "patterns" of retrenchment, and how the measured discrepancies can best be explained. (Series: Studies in North American History, Politics and Society/ Studien zu Geschichte, Politik und Gesellschaft Nordamerikas - Vol. 30)

Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Category : Commercial statistics
Languages : en
Pages : 668

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Author:
Publisher: DIANE Publishing
ISBN: 1437983677
Category :
Languages : en
Pages : 23

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Author:
Publisher: DIANE Publishing
ISBN: 1437985815
Category :
Languages : en
Pages : 53

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