Revenue deficitindicates indebtedness in the present budget owing to total revenue receipts and expenses proposed in the budget. It is a situation when the revenue expenditure is in excess of the revenue receipt. All such transactions having an influence over the current income and expenditure of th...
* The most likely source of additional revenue in a deficit-reduction plan will be changes to personal income taxes: raising marginal rates, increasing the rate paid on dividends and capital gains, limiting deductions, or some combination of those three.» BY ROBERT LITAN...
Oil revenue and production cost disconnect and its impact on the environment: Economic globalization in Asia-Pacific economic cooperation countries[J]. Geoscience Frontiers, 2024, 15(3): 101772. DOI: 10.1016/j.gsf.2023.101772 [3] Jiannan Wang, Waseem Azam. Natural resource scarcity, fossil fuel ...
In Romania, in the highly complex framework in which the economic activity takes place, in the attempt to show the place held by the budget deficit, a special role is assigned to determine the share of public financial deficit in the consolidated budget revenue and expenditure. Currently, ...
Republicans to propose significant cuts to entitlement programs like Medicare and Medicaid to help offset revenue losses from tax reductions. Proposed spending cuts may not be enough to fully cover the costs, and this can potentially exacerbate the budget deficit and raise concerns about long-term fi...
The US government is the single largest beneficiary due to lower interest payments on public debt together with seigniorage revenue. Household and corporate borrowers also benefit. But reserve currency status imposes costs on ...
While these results are consistent with the existing literature, the paper finds that revenue-raising measures increased the likelihood of successful consolidation in countries that faced large adjustment needs after the crisis. This reflects the fall in effectiveness of spending cuts when deficit ...
The Chinese government set a GDP growth target of around 5% at the recent National People’s Congress. We expect China’s economic recovery to take place in three stages and see further upside for the China A-share market as the recovery supports earning
According to Fitch, the outgoing PNL government has outlined a plan to lower the deficit from a preliminary 3.8% in 2019 to 3.6% in 2020 and to 2.8% of GDP by 2022. "However, we believe its 2020 budget was based on optimistic growth and revenue assumptions, and concrete proposals to add...
With that in mind, this report also considers how Trump’s tax policy ambitions—including the extent to which revenue raisers are used to offset the cost of any TCJA extensions and other proposed tax relief—are likely to be shaped by the make-up of the incoming 119th Congress. Get in ...