The question and answer are locked and cannot be edited.
What is the fiscal cliff?
The fiscal cliff is a term coined by Federal Reserve Chairman Ben Bernanke to describe a set of laws expiring December 31, 2012 that will result in major spending cuts and tax increases that will affect every American.
Among the laws set to expire are: payroll tax cuts and Bush era tax cuts for the wealthy. Simultaneously, spending will be cut across the board as part of the Budget Control Act of 2011.
This 19.63% increase in tax revenue and 0.25% reduction in spending in 2013 is projected to cut the US deficit by roughly half (about $600 billion). While that sounds good in theory, economists warn that it could have a negative effect on the economy in the short term.
Among the laws set to expire are: payroll tax cuts and Bush era tax cuts for the wealthy. Simultaneously, spending will be cut across the board as part of the Budget Control Act of 2011.
This 19.63% increase in tax revenue and 0.25% reduction in spending in 2013 is projected to cut the US deficit by roughly half (about $600 billion). While that sounds good in theory, economists warn that it could have a negative effect on the economy in the short term.
Was this answer useful?
What is a fiscal squeeze?
Fiscal Squeez is the economic constrant that results when money raised through taxes is insufficient to pay for all the services that a city needs to function efficientl…y.
What is Fiscal worship?
Fiscal Worship is the part of Islamic Recitation.It means ZAKAT.Muslim give ZAKAT to the needy people.
What is fiscal adequacy?
this means that the source of revenue should be sufficient to address the demands of public expenditures.
What is fiscal policy?
Fiscal Policy is the use of TAXES and GOVERNMENT SPENDING to manipulate the level of aggregate demand in the economy
What is fiscal administration?
Fiscal administration refers to systems, structures, processes, resources, and the policy, environment, government, the inter-governmental and inter-local fiscal relations, af…fecting among others, the following: o the giving of allotments and grants by the national government (NG) to local government units (LGUs); o sharing of taxing powers between the NG and the LGUs, and among LGUs units; o policy on tax rates and structure; o revenue and expenditure planning; o revenue and expenditure planning; o revenue utilization and expenditure allocation; o monitoring and approval of budgets, tax ordinances and other fiscal measures; o policy on borrowing and borrowing instruments; and o appointment and supervision of local fiscal officers.
What are fiscal incentives?
Fiscal incentives are no taxes given to new companies for the first 5 years.
What is fiscal insolvency?
It means running out of money.
What is Fiscal Crisis?
unable to repay ones debt
What is fiscal month?
A month in a fiscal year... if you are thinking about what's the Fiscal year?... READ ON a year of 52 weeks is a fiscal year.. different regions and countries use differ…ent standards.. for instance, US fiscal year starts from OCT, but for UK the FY starts @ APR different regions follow their own standards.. but in a general patteren a set of 52 years is a fiscal year... and any month within that year is fiscal month.. BUT... a fiscal month is not like a set of 30/31 days.... from the start of the fiscal year a set of 13 weeks is a quarter.. which in turn is a set of 3 months .. 4 weeks months and a 5 week month... Mathematically... 13*4 = 52 4+4+5 = 13 Typically, a year starts off with the first Monday.. and counts up to the next 28 days to make a set of 4 weeks .. your first month.. continue next 28 days for your second month... the remaining 5 weeks in the quarter make your 3rd month... 52=4+4+5+4+4+5+4+4+5+4+4+5 I don't think there is any specific name for each of the month.. but you can denote using the usual month since ages like APR, JUL, OCT
What is fiscal solvency?
The simplest way to put it is your assets vs your liabilities. If you have assets (cars, homes 401k) totaling $300k in value but you owe $350k in debts you are fiscally …insolvent.
Jeanette Lewis
+ 6 others
found this useful
What is fiscal boost?
Fiscal boost means that as incomes fall the impact for the better off is 'softened' as they pay proportionately lower taxes, and retain more post-tax income. Without welfare …benefits, falling incomes will create more unemployment and poverty. However, because the unemployed and poor receive benefits, and spend more than they would have without such benefits, the downturn in the economy is also 'moderated'
What is fiscal consolidation?
Fiscal consolidation is a policy aiming at reducing fiscal deficit of government .
Answered
In Uncategorized
What is fiscal benefit?
I cannot believe no one has answered this and I am stunned Wiki answers doesn't have an answer. Fiscal is a term used in relation to the income and expenses of the government.… What it gains from the foreign transactions alone is referred as fiscal.
Answered
What does fiscal mean?
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with… fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
Answered
In Plural Nouns
What is a cliff?
a steep, high, wall of rock, earth, or ice.
Answered
In Economics
What is fiscal incentives?
Fiscal incentives are tax measures geared to encourage industrial development. They help assist manufacturing entrepreneurship. Under the Fiscal Act of 1974 three years af…ter the expiration date of production an appraisal must be performed.
Answered
What is fiscal channels?
A channel between monetary institutions ( e.g banks ) used for monetary transfers.