Consequential effects of budget deficit on economic growth: Empirical evidence from Ghana. International Journal of Economics and Finance, 5(3), 28-43.Antwi, S., Zhao, X., Mills, E.F.E.A., 2013. Consequential effects of budget deficit on economic growth: empirical evidence from Ghana. Int...
3. Effects of a government budget deficit Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving, domestic investment, and net capital outflow in this economy, ...
Such unanticipated expenditure may result in a budget deficit. On the other hand, planned deficits result from strategic government commitments for the future. For example, during an economic downturn, the government may spend to stimulate economic growth. Generally, budget deficits are caused by: ...
I want a budget deficit that is smaller than nominal GDP growth, which is going to be extraordinarily hard to accomplish without serious cuts. And a lot of congressional help on future spending and getting entitlements under control. Like what you're reading? Get this free newsletter in your ...
The federal budget deficit is not an accident. The president and Congress intentionally create it in each fiscal year's budget. That's because government spending drives economic growth. It's a result ofexpansionary fiscal policy. Job creation gives more people money to spend, which further boost...
Alexandru Ioan Cuza University, Faculty of Economics and Business AdministrationAnalele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte EconomiceRoman, A. and Bilan, I. (2007), Inflationary effects of budget deficit financing in contemporary economies, The Scientific Annals of...
Consequential Effects of Budget Deficit on Economic Growth of Pakistan To achieve sustainable economic growth of a country balanced budget is not only important but necessary. This research aims at investigating the true impact of WU Rehman,M Ahmed,G Fatima - 《International Journal of Humanities &...
The opposite of a budget deficit is abudget surplus.When a surplus occurs, revenue exceeds current expenses, resulting in excess funds that can be further allocated. When the inflows equal the outflows, the budget is considered balanced. In the early 20th century, few industrialized countries had...
Barro's tax smoothing hypothesis (TSH) implies that the government runs a 'budget deficit' whenever it anticipates the growth rate of national income to in... CH Huang,KS Lin - 《Journal of Monetary Economics》 被引量: 143发表: 2004年 Structural and Stabilization Aspects of Fiscal and Finan...
Beginning in 2016, spending on Social Security, health care, and interest on federal debt outpaced the growth of federal revenue.Medicarespending accounted for 15% of total federal spending in 2018, with per capita spending expected to grow at an average annual rate of 5.1% through 2028.8 Due ...