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The primary purpose of a cash budget is to limit spending. A cash budget can also help people track their spending.
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Creating a budget is important because they keep you focused. Having a budget to look at will keep you from over spending in other areas.
If you budget and do not control the spending then how do you know what is received and spent. If the receipts and spending of the receipts are not controlled then you have uncontrolled spending and since money spends faster than it is earned in most instances one would find themselves without the resources needed for the budget, the project or the results desired in the budgeting process.
Budget deficit is how much we spend per year over what we take in from taxes. National debt is the total amount the nation owes (the deficits added together).
Twin deficits or double deficits is a summary of the two related economic problems, the budget deficit and the international trade deficit. The budget government deficit is the difference between government revenue and it's spending. Both deficits occur when someone is spending more than they earn.
budget ,jobs,investment and security
Large budget deficits can lead to future problems with other countries that result because we are in debt to them.
Definition: finance governmental deficits' spur to investment: the theory that a country's budget deficit in periods of economic depression can lead to higher private investment because it brings higher government spending and monetary growth
deficits are shortages that are caused by unwise spending. When one incurs deficit, he/she needs to borrow money to pay for the needs that are provided for in his/her budget. Unplanned purchases not included in the budget brings about deficits. It is poor management of one's resources.
cuts in defense spending
The International Monetary Fund
He believed deficit spending would stimulate the economy and create jobs.
increases in the defense budget and steady spending on social welfare and entitlement programs.
What periods in recent history has the US run budget deficits and budget surpluses?
Europe's economic weaknesses can lead to slower economic growth, high unemployment rates, budget deficits, and increased income inequality. This can result in reduced investment, lower consumer spending, and less innovation, which can further exacerbate the economic challenges faced by European countries. Additionally, it can make Europe more vulnerable to external shocks and financial crises.
what did john maynard Keynes support the idea of pump priming despite increased federal budget deficits