As we enter 2025, the most pressing concern for society is undoubtedly the economic outlook for Hong Kong. Financial Secretary Paul Chan stated during a public consultation on the budget over the weekend that the deficit for the current fiscal year (2024/25) is expected to be below HK$100 b...
Explain how to control stagflation when unemployment and inflation are very high and economic growth is very low. Stagflation Stagflation is an uncommon economic problem is in which inflation and unemployment prevail at the same time in a stagnant economy. Both mo...
Rent control refers to a program of the government with a limit that indicates the maximum a landlord can ask for when leasing a home. As per the...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your ...
additional 1 trillion yuan deficit and 1 trillion yuan of special national debt this year, totaling 2 trillion yuan, will be transferred to local governments through special transfer payment mechanisms. What is the special mechanism of transfer payment as the system innovation of macro-control mode?
Fiscal policy refers to the policies that are implemented by the government intending to influence the macro-economic factors like employment rate and inflation rate. These policies mainly touch on government spending and revenue. The policies are created and monitored by the local and natio...
In the last decade, fiscal rule was introduced to institutionalize rule-based fiscal control in India by enacting Fiscal Responsibility Legislation by the Union and state governments. Using a 14 year data set from 2000–01 to 2013–14, spread across 14 major states, this paper examines the imp...
There was an argument that the cliff would be a long-term positive. To mix metaphors, it was seen as "bitter medicine" that would finally bring the federal deficit under control. According to the Congressional Budget Office, by 2022 thebudget deficitwould fall to $200 billion from its then...
The President's fiscal year 2005 budget claims to cut the deficit by more than half both as a share of the economy over the next five years, from 4.5 perce... J Springer 被引量: 0发表: 2004年 How to Cut the Federal Budget Each year's huge federal deficit increases the mountain of ...
Expansionary fiscal policy involves increased spending or tax cuts to stimulate demand and counter recessions, potentially leading to budget deficits. Contractionary fiscal policy involves reduced spending or increased taxes to control inflation, possibly leading to budget surpluses....