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What else can I help you with?
Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
How much money has Australian Government borrowed from overseas?
As of my last update in October 2023, the Australian government had significant foreign debt, with figures often reported in the hundreds of billions of Australian dollars. The exact amount of overseas borrowing can fluctuate due to various economic factors, including government spending, interest rates, and currency exchange rates. For the latest figures, it's best to consult the Australian Office of Financial Management or recent government financial statements.
How can fiscal policy be used to stimulate Australia's economic activity?
fiscal policy can be used to stimulate economic activity by increasing spending. this is done by reducing taxes and increasing government spending to increase supply and demand which has a flow on effect for individual spending.
How can one calculate the government spending multiplier?
The government spending multiplier can be calculated by dividing the change in real GDP by the change in government spending. This helps determine how much the economy will grow for each additional dollar of government spending.
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
What is the budget and accounting act of 1921?
The Budget and AccountingAct was passed in 1921, creating the Bureau of the Budget, and housed it within the Department of Treasury.
What percentage of the government spending is allocated to different sectors as shown in the government spending pie chart?
The government spending pie chart shows the percentage of funds allocated to different sectors.
Why is it difficult for the federal government to increase or decrease spending?
Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)
How do the republicans feel about the stimulus pack?
With their hands. They are claiming that it is typical Democratic pork barrel spending, that increases the size of government, without creating jobs. Of course that means that government jobs aren't "real" jobs...
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
How do government priorities affect government spending?
taxes
What is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
