Partial fulfillment of the requirement in the subject PA026A – PUBLIC FISCAL ADMINISTRATION PREPARED AND SUBMITTED BY GROUP V Vincent Yuzon Rosales II Frances Santos Angelito Laderas Antonio Vitan Jr. Ma. Lourdes Cuenco SUBMITTED TO PROFESSOR CYNTHIA RAVELA CUBOS June 28‚ 2011 THEORIES OF EXPENDITURE GROWTH Three prominent theories that used the time-pattern of expenditure in the long-run to explain the expansion of the public sector are discuss in this chapter. Although this theories were
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POLICYMAKERS SHOULD REDUCE THE GOVERNMENT DEBT The U.S. federal government is far more indebted today than it was two decades ago. In 1980‚ the federal debt was $710 billion; in 1999‚ it was $3.7 trillion. If we divide today’s debt by the size of the population‚ we learn that each person’s share of the government debt is about $14‚000. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due‚ future
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[pic] Study on government deficits and debts in India. How do government debt-deficit sustainability issues hinder India’s growth Abstract Emerging nation India has high hopes of becoming a developed nation. In recent time Indian economy is considered as the fastest growing economy hence there are certain drawbacks such as the government deficits‚ debts which hinder India from achieving their goal. Development of nation is based on several factors and its more important for every nation to encourage
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the United States government uses money for its operations; meaning that it has both income and expenses. The income of the United States is derived from various taxes and fees and the expenses are what the U.S. government pays out for national defense‚ highways‚ social welfare programs‚ and various other programs. In an election year‚ the average citizen is apt to hear a great deal of talk about income‚ taxes‚ spending‚ and more importantly budget deficits and the national debt. Given all of the
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10.3: Deficits‚ Surpluses‚ and the National Debt I. From Deficits to Debt A. Predicting the Deficit- What factors affect the accuracy of the deficit projection? -The way expenditures are reported and changes in the economy B. Deficits Add to the Debt- What is the only way the annual budget can lower the federal debt? -By generating surplus C. A Growing Public Debt- Why do most economists tend to disregard trust fund balances? - Because trust fund balances represent money the government
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1-16 FISCAL DEFICITS AND INFLATION DYNAMICS IN NIGERIA: AN EMPIRICAL INVESTIGATION OF CAUSAL RELATIONSHIPS Emmanuel Ating Onwioduokit Government expenditure in Nigeria has consistently exceeded revenue for most o the years beginning from 1980. This paper investigates the causal relationship f between infation andfiscal deficit in Nigeria from 1970 to 19194. It was empirically confirmed that althoughfiscal dejkit causes inflation‚ there was nofeedback between inflation and fiscal deficit. However
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Fiscal Institutions and Fiscal Performance shifts emphasis away from narrow economic factors to more broadly defined political and institutional factors that affect government policy and national debt. This collection brings together new theoretical models‚ empirical evidence‚ and a series of in-depth case studies to analyze the effect of political institutions‚ fiscal regulations‚ and policy decisions on accumulating deficits. It provides a fascinating overview of the political and economic issues
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ABSTRACT This report deals with the basic understanding of Public debt‚ what it comprises of and how it is managed and why does the government resort to public borrowing. Various forms of public debt have been discussed to facilitate better understanding of the concept. We have also attempted to analyze the impact of certain macro economic variables on the public debt in our country. For this purpose‚ we have used the “SPSS 13.0 for windows” as a tool to carry out the regression analysis. index
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important part of the economy in any country; and‚ as the Deficit in the United States grows‚ it is more important to maximum employment‚ production‚ and purchasing power. The current deficit as a percentage of GDP is near 11% which is the highest since the 1940s during WWII. The government debt is will rise even higher with the recent health care bill which brings unrealistic spending and tax increases. America’s economy is drawing near to fiscal train wreck. One article by Holtz-Eakin states that
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Fiscal Policy generally refers to the use of taxation and government expenditure to regulate the aggregate level of economic activity in a country. Fiscal policy in Bangladesh basically comprises activities‚ which the country carries out to obtain and use resources to provide services while ensuring optimum efficiency of the economic units. The policy influences the behaviour of economic forces through public finance. Major objectives of the fiscal policy of Bangladesh are to ensure macroeconomic
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