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The last U.S. government budget surplus occurred in fiscal year 2001, when the federal government recorded a surplus of approximately $128 billion. Since then, the U.S. has generally run budget deficits, driven by factors such as increased spending and tax cuts. The surpluses of the late 1990s and early 2000s were largely attributed to strong economic growth and rising tax revenues.
What else can I help you with?
US president to be in office when the government had a budget surplus was?
The government had a surplus during some of Hoover's years in office . There was a 12-month period during which there was a surplus under Clinton . Of course, Congress controls the budget, the President can only make suggestions but sometimes he can spend less than he was authorized to spend by Congress.
Did the US have a federal deficit or surplus in 1998?
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
In what situation would the government use a no bid contract?
when there is a budget surplus
What document is the framework for the US government?
The Constitution is the framework for the US government.
What is the document that is the plan for ruling the US?
The United States' Federal government is constructed upon the document called the US Constitution. This document displays how the central government works and what the freedoms US citizens enjoy. The government is built to serve its people, not to "rule" them in a manner of speaking. The Constitution has been a model of a good number of other governments throughout the last few hundred years.
When before 1998 did the us government have a surplus?
well you see, we have actually never been in debt. the us government has always has a surplus, the myth of a debt and deficit is to increase spending because the government is just greedy.
Does the US have trade deficit or a trade surplus with Mexico?
IN some ways we do but it is not all the way true because the government does not sure that information with us.
When was the last time there was a federal surplus?
The last federal surplus was in 2000-2001 under the Bush administration.
What happens to the total surplus in a market when the government imposes a tax?
Total surplus decreases.
How many days does a food surplus last?
Food Surplus lasts for 746 days!
Can you make a sentence with Budget surplus?
The government could invest now because of the budget surplus that they had.
Deffrentiate between surplus and deficit?
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
When the government runs a budget deficit what must in eventually do in order to pay back its debt?
have a budget surplus
How would Government restrictions affect consumer surplus?
Government restrictions would decrease consumer surplus because it shifts the supply curve to the left
What is consumer surplus?
Consumer surplus can be used frequently when analyzing the impact of government intervention in any market
What are good sources to find government surplus dump trucks?
For government surplus specifically you would need to find a local government auction. Try contacting your highway dept and see what they do with theirs.
What are other examples of surpluses instead of food?
A surplus is what remains above what is used or needed. A common example of government surplus goods besides food is military surplus things from extra and outdated clothing to tanks and weaponry. You can find government surplus goods in almost any category though, from books, to office equipment, electronics, computers, medical and dental equipment, to trucks, buses, airplanes, and heavy machinery. In certain circumstances the government also confiscates private property, for example, vehicles found carrying drugs. Government surplus auctions are held throughout the country and online. A government surplus of money is called a budget surplus. A county government in surplus could better more streets and roads in less time than originally planned, for instance. A city government in budget surplus might use the money to add more amenities to a public park, and so on.
