Questions tagged [budget]

An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals

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16
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1answer
2k views

Why does California spend so much on healthcare?

Taking a look at the California State budget, one can see that 46% of their taxpayers' money goes towards healthcare costs. But why is this the case? Isn't healthcare generally a federal concern, with ...
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10answers
18k views

Why does the EU care so much about the UK divorce payment?

Most current estimates of the UK exit bill show that the sum is somewhere around 50 billion Euros. This is equivalent to 0.3% of the EU's yearly GDP, so it's pretty much a negligible sum for the EU ...
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2answers
310 views

Why is Italy pushing its budget?

Why is the Italian government trying to push its budget, which would make their national debt skyrocket even further, while the Italian Audit Office says it's a bad idea and the EU isn't too keen on ...
21
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3answers
3k views

How does the government purchase things?

After congress passes a budget and the president signs it, how are the funds acquired and how are they spent? Let's use the example: The defense budget has line items for the Department of Defense to ...
1
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1answer
171 views

UK Private Sector Receipts from the EU

The UK's membership fee in 2018 according to full fact goes from a £17bn gross payment, less rebate and public sector spending to a £9bn net payment. Specifically, this image shows this does not ...
5
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1answer
141 views

What is the UK equivalent of the American Congressional Budget Office?

Is there any body in the UK that parallels the American Congressional Budget Office? One that could give a best estimate of the costs of various Brexit options? Obviously it’s very complex and the ...
2
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2answers
99 views

Where does the provincial budget of Ontario exhibit its spending on the arts, culture, tourism?

My grandparents read Here's everything the Doug Ford government cut in its first year in office | National Observer, but this exhibits only the differences, not the old and new values. Where can they ...
10
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3answers
375 views

Why does the US federal debt increase by more than the US deficit each year?

I was looking through the Historical Tables from the Office of Management and Budget (https://www.whitehouse.gov/omb/historical-tables/). I noticed that each year the debt increases by a different ...
40
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4answers
5k views

How did the European Union reach the figure of 3% as a maximum allowed deficit?

According to Wikipedia's article about Stability and Growth Pact: The fiscal discipline is ensured by the SGP by requiring each Member State, to implement a fiscal policy aiming for the country ...
9
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3answers
2k views

Could raising the tax on the wealthy, without cutting spending, balance the federal budget in the US?

Some of the stalemate over the Fiscal Cliff has been over whether to raise the tax rate on the wealthy in order to raise additional revenue. One argument that is frequently made is that the main ...
38
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7answers
12k views

Why does the U.S military use mercenaries?

With a defense budget now totaling ~686-billion dollars a year – which is about the size of the next 8 largest defense budgets combined (figure) – why does the U.S military see the need to ...
8
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2answers
216 views

Eurozone countries surpassing their allowable deficit of 3% GDP

What happens when a eurozone country breaks EU fiscal rules that limit the allowable deficit to 3% of GDP?
3
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1answer
128 views

Why did 1 US state introduce the line-item veto between 1984 and 2008?

On January 25, 1984 Ronald Reagan said Some 43 of our 50 States grant their Governors the right to veto individual items in appropriation bills without having to veto the entire bill. In 2008, 44 ...
4
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1answer
95 views

How is the budget planned for agencies of the European Union?

From the European Commission - Fact Sheet titled European Agenda on Migration: Securing Europe's External Borders and dated 15 December 2015, we see the sentence Today's proposals will entail a ...
9
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1answer
115 views

What measures exist to impose budget-like changes without passing through the Australian senate?

In this article is says: Treasurer Joe Hockey has warned the Labor Party and the Greens to pass tough budget measures through the Senate or the government will find other ways to push through ...
10
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3answers
848 views

Why does France have systematic difficulties in obtaining a budget deficit below 3%?

According to this article France plans for a budget deficit slightly over the EU allowed limit of 3%: France's budget deficit is likely to overshoot the European Union's limit of 3 percent of GDP ...
4
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1answer
151 views

Who in the US actually “sends” astronauts to the Moon? The executive or the legislative branch?

The sources cited in this question and in the news mention that in a recent speech to the US space council, vice president Pence announced that NASA should land astronauts on the south pole of the ...
8
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2answers
265 views

What happens to the money during a government shutdown?

In the US, which part of the government is holding the money due to federal employees? During a government shutdown, what happens to this money? Is it reinvested through short-term lending?
5
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5answers
2k views

Legislation or Constitutional Amendment needed to prevent Government Shutdowns in the US?

If we wanted to create a rule for the government budget that said that would prevent government from NOT leaving the government funded, would it require a constitutional amendment or could/should this ...
3
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0answers
114 views

What are the total unfunded liabilities of the top 5 states?

Detroit recent bankruptcy that left its 20,000+ retirees with less than 1/5ths of their pensions. This has left many people concerned about the finanial stability of the various state retirement plans....
2
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1answer
173 views

Why don't teachers unions lobby to pay off unfunded pension liabilties?

With a lot of states having issues regarding unfunded teachers pensions, I was wondering why it doesn't ever appear to be a main point of their lobbying/protesting/striking. Wouldn't it be in their ...
5
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1answer
221 views

What is the next portion of the US government that will be shutdown?

Currently, it appears that around 25% of the US government is shutdown. To the best of my understanding, this is because different departments funding expires at different times. What does the ...
5
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2answers
262 views

Why doesn't funding for U.S. government services simply continue at its previous level if a new budget can't be passed?

In the United States, a failure to pass a budget for the new fiscal year results in a government shutdown, during which all government agencies lose funding except those which are funded through other ...
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2answers
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Long term, does Trump's wall cost more than it saves per year?

One of the biggest areas of disagreement on the wall is its cost efficiency. Republicans claim it will save us money by preventing the need to support illegal immigrants who enter the US, while ...
2
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1answer
261 views

Budget reconciliation for border wall?

Could Congress have used budget reconciliation to fund a border wall and avoid the current shutdown?
38
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2answers
12k views

Are there any details as to where the $5,710,357,000 to fund part of Trump's wall would come from?

Last month the House of Representatives passed a temporary spending bill relating to Trump's border wall, which I believe is the following: Sec. 141. Notwithstanding any other provision of this Act,...
4
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1answer
900 views

Is there a list of all or major US federal expenditures that are funded specially?

Most expenditures in US budget are funded out of a general budget pool (e.g., you do not have a direct purposeful correspondence between source of funding, and a budget expenditure). There are ...
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0answers
79 views

PAYGO rules vs the PAYGO act of 2010

Following the recent uproar over the passing of PAYGO rules by the House of Representatives' democratic majority, I heard it said that "PAYGO rules" are necessary to waive the effect of the "PAYGO law"...
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1answer
159 views

Can the Senate vote again on the bill to fund “The Wall” after the new members of Senate are sworn in?

Currently the house has approved and signed a bill funding "the wall." Senate has not approved. New members are sworn in January. Can the bill then be approved and submitted to be signed by the ...
2
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2answers
715 views

US political parties that support EU style social social welfare spending?

Are there any political parties or groups in the United States that openly support making the U.S. more like EU countries by: Addressing social welfare and safety net needs by increasing federal non-...
33
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5answers
11k views

If the eurozone budget deficit limit is 3%, why is the European Commission telling Italy it must revise its 2.4% deficit budget?

The BBC reports that the European Commission has told Italy to revise its budget, saying that the draft presents particularly serious non-compliance with Eurozone rules. Yet the maximum permitted ...
3
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3answers
173 views

In the US, how much power does the president have over the federal budget?

If the president wants to change spending in one direction, like to adjust the deficit without changing taxes, how much could they move it? I suspect that the president would just get impeached in ...
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6answers
2k views

Why does Denmark spend less of their budget on their universal health care than USA does?

Health care makes up about 28 % of the federal spending in the US. See this. In Denmark, a country which, unlike the US, offers universal health care, which ought to be more expensive for the ...
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0answers
78 views

What happens to disaster relief money?

Last year, apparently, the United States spent an (unbudgeted) $140 billion on disaster relief for areas hit by hurricanes. What exactly happens to this money? What is it spent on?
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3answers
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The DUP have threatened to “vote down the budget” - but what does this mean?

The DUP have threatened to “vote down the budget” if their requirements for Brexit are not met. But what does this mean in practice? Will the Government have trouble passing a budget in this event?
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2answers
143 views

How did the introduction of the GST affect state budgets in Australia

I've often wondered if the fact that the states are more willing to sell off infrastructure to raise funds is connected to the introduction of the GST in 2000. Now, as I understand it, the GST ...
4
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1answer
116 views

New Jersey budget plan

Governor Murphy of NJ has proposed a state budget plan. I've been trying to find a copy of the budget plan on the internet, but can't find it. I also checked on the NJ state website. Is it ...
2
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1answer
83 views

For a provincial election, how long after the voting are the results given out in Canada?

What are the timings for provincial elections in Canada. If the elections conclude at say, 7pm today, when will the results be declared? And how long after the results do the winning candidates ...
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3answers
1k views

Why does USAF buy F-35?

The F-35 program is justified on two grounds: F-22 is too expensive (similar to F-16 being the cheaper alternative to F-15) F-35 can be used by AF (F-35A), Marines (F-35B) and Navy (F-35C) (similar ...
6
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3answers
242 views

Why are budget categories often in relation to GDP?

I've just watched "tagesschau" (the most important German news) and saw this: BIP = GDP. It is showing the planned defense budget of Germany. Why are budget categories compared to GDP? Why are they ...
8
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2answers
682 views

Does the United States have a built-in mechanism to resolve loss of supply? And if not, why not?

In countries that have inherited the Westminster system, loss of supply typically results in government being required to either reform as the majority that blocked supply; or dissolve parliament so ...
2
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1answer
147 views

Is it customary for European Union to debate multiannual budget before agreeing on the grand strategy for the next 10 years?

European Union recently has had grand 10-year strategies - Lisbon strategy for 2000-2010 and Europe 2020 for 2010-2020. Now the debates have started about next multiannual budget for 2021-2027 but I ...
14
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1answer
357 views

Why does the President propose a budget?

The President's proposed budget for Fiscal Year 2018-2019 has been described as "just a nice book" and "dead on arrival because presidential budgets are always dead on arrival". Similar sentiments ...
2
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1answer
1k views

Why doesn't the Shadow Chancellor give the UK budget response?

Why is the budget response just given by the Leader of the Opposition rather than the Shadow Chancellor, who sits next to him?
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2answers
383 views

Why is the looming shutdown of the US federal government not avoided by “reconciliation”?

As alluded to in this MSNBC clip, the strategy of at least some of the elements of the Republican party is to lay blame for the looming shutdown of the US federal government due to lack of funding ...
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1answer
96 views

Limits of Congress’ override authority

With regards to the annual budget for the U.S. government. If congress approved a budget that was then vetoed by the president, could congress use its override authority to approve the budget and ...
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4answers
1k views

What is the biggest flaw with this Democratic Taxation system? [closed]

Imagine a country where up to 50% of the tax dollars are allocated by the people instead of congress/government. Once a year, the citizens file a vote with their tax return, which allocates ...
2
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1answer
284 views

Can the U.S. government cut a check to taxpayers by printing more money?

I'm not talking about open market operations via the Federal Reserve bank, or indirect payments through lower taxes, but rather the U.S Treasury simply cutting checks and mailing them directly to ...
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4answers
2k views

Why do US Republicans continually go after cuts to Medicare, Medicaid, social security?

Medicare, Medicaid, and Social Security are called "incentives" programs by some Republicans. These plans were put in place to help those disadvantage and many all ready pay federal taxes. Social ...
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2answers
765 views

Does the president have any real power over the budget in the US? [duplicate]

To pass cloture, a budget needs 60% of the Senate anyway. That's 6% short of overriding a veto. The government fails to spend $60 billion of allocated spending every year. So Congress can raise ...