Federal Budget: Issues for FY2012 and Beyond

Home > Diane Publishing Books >

Our Price: $20.00

By Mindy R. Levit (au)
Year: 2012
Pages: 23
Binding Paperback
ISBN 978-1-4578-2884-3

Product Code: 1457828847

Description

The federal budget is central to Congressäó»s ability to exercise its äóìpower of the purse.äó Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. In FY2011, the U.S. government spent $3,598 billion (24.1% of GDP) and collected $2,302 billion in revenue (15.4% of GDP), resulting in a budget deficit of $1,296 billion (8.7% of GDP). The FY2012 deficit is currently estimated at $1,079 billion (7.0% of GDP). The Obama Admin. released its FY2013 budget on Feb. 13, 2012. In FY2013, the Presidentäó»s budget projects that the deficit will reach $901 billion. Budget deficits are projected throughout the 10-year budget window. Contents of this report: (1) Overview: Budget Cycle; Budget Baseline Projections; Spending and Revenue Trends; (2) Budgeting in Tough Economic Times: Federal Responses to the Economic Downturn; Budget Deficit Estimates for FY2012; Budget for FY2013; (3) Considerations for Congress. Appendix: Budget Documents. Figures. This is a print on demand report.

Share your knowledge of this product with other customers... Be the first to write a review