When revenues equal expenditures, it is called a _______________________________ budget. That hasn’t happened since Bill Clinton was President in the 90’s.

Q: What are the president's budget request responsibilities?

A: President's budget request: The budget process in the U.S begins when the President submits a budget…

Q: How will the deficit for the bottom line budget of $3.1 trillion affect the economy?

A: The budget deficit would result in the increase of the government expenditures over the revenues.…

Q: Explain the role of the Presidency and the Congress in the budget proces

A: A budget process refers to the mechanism by which a budget is generated and approved by government.

Q: Report the outlays for the bottom line of the current (last) budget approved by Congress (surplus or…

A: Introduction: A budget, as opposed to an account that records financial transactions, is a…

Q: Describe the following term in your own words. Balanced budget

A: Budget shows the total receipts(income) and total expenditure of the government in a fixed period of…

Q: During a recession, the government decides to give an additional child tax credit to households of…

A: Recession occurs when there is a fall in the aggregate demand in the economy. The fall in the…

Q: In 1995, a proposed constitutional amendment that would require a balanced budget passed the U.S.…

A: Various legislators have been putting forward ideas to demand that the United States government…

Q: he Effects of Fiscal Deficits on an Economy.

A: Fiscal deficits are unfavourable balances that develop whenever a government spends more within a…

Q: Calculate the budgetary deficit in a country where the total expenditure is $19,000 million and…

A: The information being given is:- Total expenditure = $19,000 million Total receipts = $7600 million…

Q: Assume today is October 20, 2021. In which quarter of fiscal year 2022 is the federal budget?

A: The federal budget is the government's estimate of revenue and spending for each fiscal year. The…

Q: Define government budget in not more than 3 lines

A: As to run a family, households have proper budgets for their expenses and income similarly to run…

Q: What must be true about the level of government expenditures and tax revenues for the federal…

A: Government expenditure is the amount spent by the government in order to provide goods and services…

Q: True/False # Government budget is a statement of actual receipts and payments of the government for…

A: A government budget is a report ready by the government or potentially other political element…

Q: To enact Contractionary Fiscal Policy, the federal government must be running a budget ___________.

A: Contractionary fiscal policy is the point at which the public authority either reduces spending or…

Q: Explain the objectives of  the fiscal policy.

A: In an economy, fiscal policy refers to the government action and it's intervention in the market by…

Q: discuss the budget cycle.discuss why the annual budget is considered as a political act of state?

A: Budget is a financial plan for a specified future period of time. The budget presents an estimation…

Q: Calculate the value of total expenditure when the budgetary deficit is given to be as $12,000…

A: we know that the difference between the total expenditure and the total receives always give us the…

Q: An amendment to the Texas Constitution requires a balanced budget. This means that _____.   A.…

A: A balanced budget amendment is a constitutional rule requiring that a state cannot spend more than…

Q: plain the meaning of internal balance or government balanced budge

A: Budget refers to the financial statement which contains the government expenditure and revenue. The…

Q: Do you agree or disagree with this statement: “It is in the best interest ofoureconomy forCongress…

A: I completely disagree with the above statement. Indeed there are a few worries that accompany a…

Q: Why is it important to budget? (Note: You may discuss it in personal level to government level)

A: Budget refers to the estimation of income/revenues and expenses by an individual or government for a…

Q: Describe the role of the budget in fiscal policy

A: Fiscal policy is the use of public funds and tax assessments to affect the economy. Governments…