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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What parts of Biden’s proposals could be eligible for budget reconciliation?

President Biden addressed a joint session of congress on April 29 and proposed vast new federal social programs such as free community college and subsidized childcare for low-income and middle-class ...
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Why fund research in pure mathematics?

I post this question on politics.se, as suggested by this answer of Bjørn Kjos-Hanssen. The research in pure mathematics has (generally) no other choice that being funded by public organizations ...
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How does the Barnett Formula work?

I've often heard the Barnett Formula come up in debates regarding the topic of Scottish independence, and I know it relates in some way to the mechanism used to determine the amount of money allocated ...
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How much of the deficit would be reduced by increasing taxes on the top 1% to 1990s levels?

President Obama has talked about raising taxes on the super-rich as one way to balance the national budget. This New York Times opinon piece says: We can achieve significant deficit reduction ...
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How are UK devolved nation’s budget deficits funded?

The Scottish Government has tax raising powers and, over the past several years, expanded spending powers too. However, I’m wondering how budget deficits for these devolved administrations are funded. ...
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160 views

How does one determine the source of funds (money) for a government expenditure?

When a government decides to spend money, they have 3 primary choices (please correct me if I'm mistaken): Spend money they already have (from taxes) Borrow money (from people/organizations within ...
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What is the impact of a minimum wage increase on the Biden 1.9 T dollar Covid Relief Proposal

The Biden administration has proposed a Covid relief package that would cost 1.9 trillion dollars. Some politicians are very resistant to the inclusion of a increase in minimum wage to 15.00 dollars ...
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Why was the Union Budget presented in the Lok Sabha (lower house) instead of the Rajya Sabha (upper house)?

Why was the Union Budget presented in the Lok Sabha (lower house) instead of the Rajya Sabha (upper house)? Recently The Union Budget of India for 2021–2022 was presented by the Finance Minister, ...
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1answer
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What is the domestic background to the new Swedish defense budget?

Sweden's new defense measures include considerable increases in military capacity for the entirety of their Armed Forces. What are the stances of the main parties on this policy (beyond an agreement ...
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Is the COVID relief package the same legislation as the omnibus bill?

There is a lot of news about the $900 billion COVID relief package passed by Congress on 12/21/2020. There is less news about the $1.4 trillion spending bill that was passed. However, a lot of people ...
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What happens if there's a veto on the European Union budget?

Recently Hungary and Poland vetoed (or formally just threaten to use a veto) on the EU budget (see for example here). What happens in 2021 if there's no accepted budget? The referred article mentions ...
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What is the total cost of the administration of the US 2020 presidential election?

The US 2020 presidential election seems to be a costly enterprise to the taxpayers. What is the total cost of the administration of the US 2020 presidential election?
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Why does the United States begin its fiscal year on October 1st?

So, I understand that many organizations have fiscal years that differ from calendar years, but why? What is the logic in starting a fiscal year three months early, especially considering how long ...
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1answer
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How can I locate RFP information, bid submissions, or other publicly available information from a procurement document number?

I am trying to learn more about a particular piece of software used to submit forms to a US federal agency. I have a 'procurement document number' sometimes also called an 'award ID'. Using this ...
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Why does Germany have such a rather small defense budget?

This article deals with Germany’s Armed Forces status in the context of Trump's decision to reduce US troops stationed in Germany. Besides the main topic, the article also mentions that Germany spends ...
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1answer
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Does the US account for inter-generational equity/imbalances when producing fiscal policy?

There are many studies concerned with how various generations subsidize each other, usually assuming current laws hold for all future generations. Do any government agencies (like CBO, the Treasury, ...
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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 ...
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Do any nations have in place formal mechanisms to “save in good years/spend in bad years”?

One tenet of Keynesian economics is that a government can improve long term economic efficiency, and individual well-being, by deficit spending during recessions. Some examples of that might be: US ...
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On what kind of schedule does the US make payments to the WHO?

I've been wondering whether Trump's cutting of funds to the WHO has had any practical effect on the WHO's budget so far. Basically, how often does the US disburse funds to the WHO? Is it annually, ...
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1answer
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What explains the large year-to-year variation in US voluntary contributions to the WHO?

The US is usually the largest contributor to the WHO's budget (with some odd year exception when the Bill and Melinda Gates foundation gave a bit more than the US government.) But nonetheless, there ...
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Is there a (detailed) comparison of what the White House requested and what Congress approved for the HHS for FY2020?

To give you an idea what I'm looking for, I found such a comparison for science: I'm looking for a similar graph/comparison for the HHS, which includes the NIH, FDA, CDC, SAMHSA, Medicare & ...
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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 ...
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Why was the budget for the Center of Disease Control being cut drastically?

Right now, the CDC - according to The Trust for America's Health (TFAH)- says that the Center of Disease Control is underfunded by $4.5 billion and an act passed on December 22, 2017 cut $750 million ...
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1answer
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What prevented the Tampon Tax from being abolished?

Today, in his first Budget speech, the Chancellor of the Exchequer, Rishi Sunak, has announced that "now that we have left the European Union", the Tampon Tax - the controversial imposition of VAT on ...
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1answer
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Why deliberate NASA authorization bills if NASA doesn't need them?

Spacenews.com's The sound and fury over a NASA authorization bill says that a NASA authorization bill isn't required and most years the US Congress doesn't pass one. Question: If that's so, then what ...
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What are the current House's bill reconciliation rules regarding deficit increases?

According to The Center on Budget and Policy page, "Introduction to Budget 'Reconciliation'": When Republicans took the House in 2011, they replaced the House rule with one that placed no ...
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Why is the British Chancellor allowed to drink alcohol in the House of Commons chamber?

On the parliament.uk site's information about the annual budget, it describes the tradition of "Despatch box drinks", where the Chancellor is afforded the privilege to drink alcohol at the despatch ...
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Why are US budget implications estimated “over 10 years”?

The federal budget in the US is proposed and approved annually. However, analysts and commentators very often explain budgetary measures "will cost X USD over 10 years" or "cuts program P by X USD ...
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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
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Graph of US military spending a percentage of GDP

I found a (North America proxy) graph of US military spending in absolute real terms (i.e. adjusted for inflation). As you can see, in absolute terms, even adjusting for inflation, the US has spent ...
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Do bipartisan/cohabitation budgets widen the deficit more than one-party budgets?

I've read in a paper that I can't find araing right now that supermajority requirements (in state budgets) tend increase deficit spending because more "pork barrel" interest are included. If we ...
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1answer
101 views

State government debt in India

I had a look at the Delhi Government Budget for the year 2019-20 (see here: http://prsindia.org/parliamenttrack/budgets/delhi-budget-analysis-2019-20), and was wondering about the composition of the ...
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What countries require a supermajority for budget approval?

A few US states require or required a supermajority in the legislature to pass the annual budget. The issue is somewhat complicated by the fact that in some states some budgetary items/issues require ...
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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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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
351 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 ...
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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 ...
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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 ...
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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 ...
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2answers
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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 ...
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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 ...
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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 ...
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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?
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1answer
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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 ...
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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 ...
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1answer
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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 savings....
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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 ...
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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 ...
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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?
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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 ...