a budget surplus (=when a government has more money than it spends)A huge budget surplus of over £16 billion was recorded. budget cuts (=reductions in the amount of money that is available)The department has suffered severe budget cuts.Examples from the Corpusbudget• It is unlikely the...
What is the consumer surplus in economics? What is "equilibrium" as used in economics and econometric sciences? In regard to economics, what is line pricing? What is an example of scarcity in economics? In economics, the cost of something is [{Blank}]?
demand. By contrast, aBUDGET DEFICIT(expenditure greater than revenues) increases aggregate demand. Fig. 18 (b) shows UK budget deficits (and surpluses) over the past two decades. Recently (post 1997) the government has accepted that fiscal stability is an important element in the fight against...
have been achieved by a combination of a strong economy, low interest rates, and sharp cuts in defence spending. These surpluses follow a period (the eighties) of rather exceptional budget deficits. This paper investigates the origin, size, and expected future patterns of the U.S. budget ...
Ruth Gregory, an economist at Capital Economics, said the ONS numbers would provide the chancellor with good news in the lead-up to the Budget, but added they would not pave the way for a “big pre-election splash”. “Despite January’s surplus, the chancellor will probably have limited ...
Alberto F. Alesina Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER); Harvard University - Department of EconomicsJanuary 2000NBER Working Paper No. w7496 Abstract: Current surpluses in the U.S. have been achieved by a combination of a strong economy, low...
(2007), "Singapore's Recurrent Budget Surplus; The Role of Conservative Growth Forecasts", SCAPE Policy Research Working Paper Series 0704, Department of Economics National. University of Singapore, Singapore.Abbeysinghe, Tilak and Ananda Jayawickrama (2008). "Singapore`s Recurrent Budget Surplus: ...
摘要: (1) CA = (T - G) + (Sp - I)Where CA = current account surplus = export of goods and services minus import of goods and services,6 T = governmental tax revenues, G = governmental expenditure, Sp = private saving,7 I = investment.8...
As noted above, the term budget surplus is often used to define the financial situation of a company or government. These entities often run in surpluses when income or revenue exceeds spending or when there are shifts in the economic climate or the way governments spend taxpayers' money. An ...
Not all economists agree on the net effect of expansionary fiscal policy on the budget in thelong run. Either surpluses will shrink or deficits will grow in theshort run, The government can step in and increase its spending when businesses are cutting back on investments and consumers are spen...