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1. What is the role of the Budget Department in the budget process?
2. As a public sector management student, what is your independent view of the change in the budget calendar?
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- 4. Consider the following demand and supply schedules of loanable funds. All figures are in billion dollars. Assume zero budget deficits and a closed economy. a. Interest Rate 12% 10% 8% 6% 4% 2% Quantity of Funds Demanded $200 $300 $400 $500 $600 $700 Determine the following equilibrium outcomes: (1) The interest rate. (ii) Private savings. (iii) Government (public) savings. (iv) Private business investment. Quantity of Funds Supplied $1000 $900 $800 $700 $600 $500Assumed that the government maintained a balanced budget initially. However, the financialsecretary underestimated the recovery of local economy and the budget surplus is resulted. How does the budget surplus affect the loanable fund market? How does this market restore the equilibrium? How is the ‘private sector spending’ affected by the ‘public sector spending’? Explain and illustrate with a well-labelled diagram.An amendment to the Texas Constitution requires a balanced budget. This means that _____. A. any increase in government spending must be offset by a decrease in the total funds allocated to the General Revenue budget B. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 30 percent C. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 10 percent D. any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget
- Question Please select the correct term for each statement below. National savings, budget deficit, capital, inflow, budget, surplus, and budget balance a. the difference between the amount the government collects and how much it spend. b. when government savigns are combined with all of the privately-held savings from across the country. c. the result when the government spends more money than it takes in through taxes. d. the net amount of funds coming into a country. e. when the government spends less money than it takes in through taxes.1. Give three examples of governments that are adept in the use of fiscal policy. 2. Give three examples of governments whose use of fiscal policy leaves a lot to be desired? Explain your thinking. 3. What is potential GDP? What role does it play in fiscal and monetary policies?What is the difference among discretionary, nondiscretionary, and entitlementspending in the public budget?
- AsapExplain the importance of a budget and why you should develop a monthly budget. Write out in full sentences at least three (3) benefits or reasons for having a budget and two (2) pitfalls or problems that may occur without a budget. In your response be sure to explain why your reasons will help you stay on budget and debt-free. Example: The first benefit of having a budget is….. The second good benefit of why I will have a budget is….. The third reason for having a working budget is ….. A problem for not having a budget would be …… A big pitfall for not working with a budget could be ……The government runs a budget surplus when ? A.tax revenue falls below its spending. B.the budget is balanced. C.tax revenue exceeds its spending. D. investment exceeds its spending.
- I could use some help finding the government's budget balance. Questions 4-7.4. What have been the various approaches advocated to reform budgeting processes at the state and local levels? 5. What are the five key areas of future state and local budget needs? Which one do you think is the most critical and why? Explain.d. The federal budget is brought into balance by reducing grants to provincial governments. 4. High and rising health care expenditures are one important element that has contributed to provincial government deficits. New, or additional, payroll taxes may be one way to finance the higher health care costs. If adopted, how would the higher payroll taxes affect the size of the provincial budgets? How would this affect the role of government in the economy? 5. Proponents argue that the government guarantees on loans to students do not result in an increase in government snending since only "loanc" aro involvod
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