What of the following correctly exemplifies financial resources? 1. public budget revenue 2. public budget surplus 3. money for mandatory public programs 4. money for discretionary programs A) 1,2 and 3 only B) 2 and 3 only C) 2 and 4 only D) 2,3 and 4 only
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What of the following correctly exemplifies financial resources?
1. public budget revenue
2. public budget surplus
3. money for mandatory public programs
4. money for discretionary programs
A) 1,2 and 3 only
B) 2 and 3 only
C) 2 and 4 only
D) 2,3 and 4 only
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Solved in 2 steps
- List the 3 major revenue sources and 3 major expenditures in the 2022-2023 U.S. budget.How much (approximate %) of the budget is NOT mandatory, interest or defense spending.What is meant by the term “mandatory” in this context? How do you think that this realistically affects efforts to balance the budget?.1. What is the role of the Budget Department in the budget process? 2. As a public sector management student, what is your independent view of the change in the budget calendar?Discuss the public budget decision making process from the preparation phase and its products to final adoption. (1) What information is contained in the budget? (2) What are the respective roles of line agencies, the central budget office, the chief executive and the legislative body?
- 1. What are the strengths and weaknesses of program planning budgeting? 2. What are the strengths and weaknesses of zero-based budgeting?True or False 1.Budgeting for the government is far more complicated, the federal government has hundreds of revenues raising tools and thousands of programs on which to spend this revenue * 2.The government’s deficit, in contrast, is the amount by which its spending has exceeded its revenues in any given year * 3.Entitlement spending refers to funds for programs for which funding levels are automatically set by the rules set by Congress and by the number of eligible recipients * 4.The most important federal entitlement programs are Social Security, which provides income support to the elderly, and Medicare, through entitlement programs * 5.A law forcing a given government to balance its budget each year (spending = revenue) balance budget requirement *1. Analyse three factors That Cheapo Air would need to consider in setting a price for their business customers 2. Analyse the possible sources of finance available to Cheapo Air for capital expenditure 3. Analyse three factors that Cheapo Air would need to consider when deciding which finance strategy to use
- 1. This expenditure (formerly general government consumption) includes all current government expenditures for purchases of goods and services (including an employee). a. Capital expenditure b. Consumption c. Utilization d. Transfer paymentsQuestion Answer these questions for the city of Glendale, California for their current budget. FY 2017-2018 Adopted budgethttp://www.glendaleca.gov/government/departments/finance/budget/budget-documents When does the budgeting process start and end for the current year? Which actor(s) starts the budget process? When does the fiscal year start and end? Are there instructions provided to agencies on how to prepare budget requests? Are those instructions detailed? What are the sources of revenue? Try to identify as many as you can.a). Under what condition do we say a financial market is efficient? Distinguish between weak and semi-strong form efficiency. b). Explain any five (5) ways a company can raise equity capital in the financial market. c). One of the ways in which the government can finance its fiscal deficit is to borrow funds through the domestic loanable fund market. Explain how this deficit financing strategy of the government can crowd out the domestic private sector and increase interest rate.
- Economics: Public Economics Question: 1 Over long periods of time, the present discounted value of tax revenue must be greater than or equal to the present discounted value of government expenditures. This statement illustrates the concept of a. income equality b. capital markets c. intergenerational equity d. intertemporal budget constraints Question: 2 Why do some budget modelers criticize the use of static scoring?a. The impact of government policy on the economy is not perfectly understood. b. It is unreasonable to assume that government policy does not affect the size of the economy. c. most policy does not result in individuals changing behavior.d. government policy only changes distribution of resources, not their availability. Question: 3 If the economy is in recession, the government budget deficit is ___ the cyclically- adjusted deficit. a. the same asb. unrelated toc. smaller than (in absolute value) d. greater than (in absolute value) Question: 4 According to…Suppose, the government of Australia incurs a budget deficit of $50 billion due to increased government spending in 2020 as result of Covid 19. Because of this, the government borrowing in 2021 increases by the same amount. Compare the size of equilibrium changes in 1) investment, 2) public saving, 3) private saving and 4) national saving (public saving + private saving) with $50 billion increase in borrowing. Compare the changes (increase/decrease) in these variables indicating same, less or more than the $50 billion.explain the four (4) ambitious targets Open Budget Survey sets to achieve open budgets within five years.