Balanced budget

A balanced budget is a budget in which the amount of money spent is the same as the amount of money received. In general, it's a budget that has no budget defic

Balanced budget

A balanced budget is a budget in which the amount of money spent is the same as the amount of money received. In general, it's a budget that has no budget deficit (spending more money than one has), but it could have a budget surplus[1] (spending less money than one has).

Balanced budgets and budget deficits are a controversial issue among economists and politicians. Some economists think that a balanced budget can lower interest rates,[2] increase investment,[2] shrink trade deficits,[2] and help the economy grow.[2] Other economists think that among countries that can print their own money balanced budgets aren't as important. These economists also say that government spending can boost productivity, innovation, and savings in the private sector.[3] Many economists who think this are supporters of Modern Monetary Theory (MMT).

References

  1. ↑ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 376, 403. ISBN 0-13-063085-3.
  2. ↑ 2.0 2.1 2.2 2.3 "Winners and Losers in a Balanced Budget". The Washington Post. 4 May 1997
  3. ↑ Matthews, Dylan (2019-04-16). "A very detailed walkthrough of Modern Monetary Theory, the big new left economic idea". Vox Retrieved 2022-01-04.


Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.