PPT-THE FUTURE OF DEBT AND DEFICIT POLICY: DEMOCRACY, TECHNOCRA

  YIANNIS KITROMILIDES INTRODUCTION The way debt and deficit policies have been formulated during the current debt crisis especially in the euro area has raised important questions concerning the relationship between democracy . Presentation to Wim Drees Foundation for Public Finance. Conrad Smewing. Deputy Director, Fiscal Policy and Statistics. April 2011. UNCLASSIFIED. Overview of presentation. Origin of the UK fiscal deficit. Link to syllabus. Plus page 538 - Supply Side Economics and the . Laffer. Curve. .. Government Spending and Taxes/GDP. Fig 13-1 p. 378. Breakdown of US Government Taxes and Spending, 2007. Figs. 13-2 and 13-3, p. 379. By. Prof. Mike Kwanashie. Dept. of Economics. Ahmadu. Bello University. Zaria. Outline. Introduction. The Budget. Deficit Budgeting. Government Borrowing. Borrowing Cost and the Debt Burden. Fiscal and Monetary Stability. Changes in federal taxes and purchases . Where does the government spend its money?. Federal Government . Spending, 2010. Fiscal Policy. An Overview of Government Spending and Taxes. The Federal Government’s Share of Total Government Expenditures, . Debts and Deficits. Last time:. Conceptual issues of debts and deficits. Deficits and slower growth of potential Y in the closed . economy. Deficits and foreign borrowing and lower national income (. (with reference to . frbm. act 2003). . . The Institute of Chartered Accountants of India. Bangalore. CA & CS Pratap G. . Subramanyam. BACKGROUND. FRBM is a new dispensation in India’s fiscal and budgetary management system in line with global practices in this area (US, UK, . Debts and Deficits. Last time:. Conceptual issues of debts and deficits. Deficits and slower growth of potential Y in the closed . economy. Deficits and foreign borrowing and lower Y in the open economy. Mark Schug Ph.D. .. Professor Emeritus. University of Wisconsin-Milwaukee. Overview. What is the national debt?. How is federal spending changing?. What are entitlements?. How does Social Security work?. and . Secondary Effects. Alternative Views of Fiscal Policy – An Overview. Alternative Views of Fiscal Policy. Keynesians stress the potency of fiscal policy and its use to maintain . AD . at a level consistent with full employment.. What is a deficit?. WHEN . total spending in a year is higher than total receipts. , the government needs to borrow to cover the difference. . This . gap is known as the budget deficit or ‘public sector net borrowing’. . By. Prof. Mike Kwanashie. Dept. of Economics. Ahmadu. Bello University. Zaria. Outline. Introduction. The Budget. Deficit Budgeting. Government Borrowing. Borrowing Cost and the Debt Burden. Fiscal and Monetary Stability. David Wessel. Hutchins Center on Fiscal & Monetary Policy. Brookings Institution. dwessel@brookings.edu. . March 7, 2019. Senate Staff Briefing . The Problem is the Problem . Why does Congress have to raise the debt ceiling? . Medicaid:. --Health care for the poor. Social Security:. --pension money for those who retire. --unemployment insurance; disability. Growing National Debt. Should we be worried?. Federal . Deficit. “our telescopic faculty is defective, and . …. we, therefore, see future pleasures, as it were, on a diminished scale.” . Pigou. 1920. “the future whispers while the present shouts” Gore 1992.