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portada Addressing the Long-Run Budget Deficit: A Comparison of Approaches
Type
Physical Book
Publisher
Author
Language
English
Pages
42
Format
Paperback
Dimensions
28.0 x 21.6 x 0.2 cm
Weight
0.12 kg.
ISBN13
9781512273571
Categories

Addressing the Long-Run Budget Deficit: A Comparison of Approaches

Congressional Research Service (Author) · Createspace · Paperback

Addressing the Long-Run Budget Deficit: A Comparison of Approaches - Congressional Research Service

New Book Imported to Netherlands
Delivery: 27 Jul - 03 Aug Shipping: 17 to 21 business days.
25,94 €
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Synopsis "Addressing the Long-Run Budget Deficit: A Comparison of Approaches"

A small share of federal spending is for direct provision of domestic government services, which many people may think of when considering federal spending. Because this spending is normally about 10% of total federal spending and about 2% of gross domestic product (GDP) and deficits are projected to be 2.8% of GDP and rising in the future, cutting this type of spending can make only a limited contribution to reducing the deficit. (Note that direct provision of domestic services by the federal government is smaller than the total of nondefense discretionary spending, about 17% of spending, because it excludes transfers. Discretionary spending is spending that requires appropriations.) Transfers and payments to persons and state and local governments constitute most of federal spending, about 70%. Defense spending, currently accounting for about 20% of spending, has declined over the past 35 years but tends to vary depending, in part, on the presence and magnitude of international conflicts.

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