From Surplus to Deficit : The Impact of Legislation on the Federal Budget
Book Details
Format
Hardback or Cased Book
ISBN-10
1617289272
ISBN-13
9781617289279
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 16th, 2011
Print length
247 Pages
Weight
654 grams
Dimensions
25.20 x 17.40 x 2.00 cms
Product Classification:
EconomicsPublic finance
Ksh 33,500.00
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The annual federal budget deficit is the amount by which federal government outlays exceed revenues for a given fiscal year, with surpluses generated when revenues exceed outlays. Budget deficits or surpluses are often used to gauge national fiscal health, as budget balances over time determine levels of federal debt held by the public, and corresponding net interest payments required for debt service. During an economic downturn, budget deficits could be viewed as effective fiscal policy, with lawmakers enacting tax cuts and increasing federal spending to simulate economic activity. This book examines to what extent major legislative changes from 2001 to 2009 caused the budget to move from surplus to deficit.
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