PUBLIC BUDGET AND TAXES

Modern methods of calculing the taxes suppose a permanent relation with tax-payers directly, at the pay-office, on the phone, electronically, relations which are developed by the fiscal organ that comes into contact with the payers giving up at its positibudget, the fiscality, modern methods the taxes

The Simple Macroeconomics of Fiscal Austerity, Public Sector Debt and Deflation

This paper explores the macroeconomics of fiscal austerity and deflation in an economy with public debt. A binding budget deficit cap destabilizes the economy by turning the government budget into an automatic destabilizer. Public debt helps maintain AD in the presence of deflation because deflation increases the real value of public interest payments. That makes public debt significantly different from private debt. If the economy is subject to a binding deficit cap, deflation no longer stabilizes output. This is because increased real interest payments must be matched by spending cuts, giving rise to a negative balanced budget multiplier.fiscal austerity, budget deficit cap, public debt, deflation growth theory

“Point of View: Now Is Not the Time to Cut Funding for Public Broadcasting,” POV, BU Today

President Trump’s proposed budget threatens to pull the plug on federal funding for the Corporation for Public Broadcasting (CPB), the major funder of Public Broadcasting Service (PBS) programming and National Public Radio (NPR) and the supporter of 350 local member public television stations. This proposed cut will do very little to fix the US budget deficit, but it will contribute mightily to the shortage of reliable public information available to citizens at a time when they need it most.http://www.bu.edu/articles/2017/pov-funding-for-public-broadcasting/Published versio

Analysis on Bandung Government Budget in Improvement of Human Resources Quality

Experts have long proposed using public services provision as a primary tool for improve the quality of human live in the developing world. Providing a proper basic education and health services to the community can help them to achieve a well living condition. In many developing countries, government becomes the main stakeholder of the provision these public services. Their policies in providing public services commonly reflected in their budget allocation. Therefore, the concern of government toward their citizen’s quality of life can be observed from their budget allocation. Using the major city of Bandung Indonesia as a case study, this research attempts to explore the condition on how far the government’s concern to improve its citizen. This research investigates the allocation of government budget on basic education and health spending. Using the data of government budget between 2005 to 2008 period, this research finds that the allocation of government budget on basic education and health services follows an increasing trend. However, compared to other similar cities the proportion of this allocation is still considered low. In addition, this research also finds that most of this budget is spent to finance routine expenditure instead of development expenditure. This condition is heavily influenced by the condition where the number of government officer is still considered large. And also low public control toward the use of government budget. The research also provides a number of recommendations to overcome several obstacles that inhibit bigger budget allocation to development expenditure in basic education and health services. The research suggests that the government should create a more efficient working system that can lead to reduction of current expenditure. In addition, since public control in government expenditure can address a better public expenditure allocation, the information of government budget should be disseminated widely to public. Therefore, the government should develop a system to increase transparency in government budget allocation.government budget, education, health

Chile Fiscal Policy Management

A budget surplus arises in a country when the total revenue earnings surpass expenditures in a particular financial year. Having a budget surplus is very important in the sense that it brings about a decrease in the net public debt, while the public debt is increased in the event of a budget deficit. Both budget deficits and budget surpluses also exert indirect influences on taxpayers. Normally, it is not essential on the part of the government to maintain a budget surplus, though it needs to be very careful when running a budget deficit to have the proper buffer.Od kilkunastu lat polityka fiskalna Chile jest oparta na koncepcji równowagi budżetowej. W przeciwieństwie do równowagi efektywnej, która pokazuje aktualną sytuację fiskalną, ta pierwsza odzwierciedla średnioterminową perspektywę budżetu. Nadrzędną zasadą systemu jest szacowanie wpływu netto z podatków w określonym średnim okresie. Wydatki muszą być przy tym równe wpływom. W praktyce oznacza to oszczędzanie podczas wzrostu gospodarczego oraz wydawanie uzyskanej nadwyżki w okresie, kiedy wpływy z podatków są mniejsze

Sovereign debt shadows

All five peripheral EU countries face burdensome public debt and budget deficits, but the causes for uncertainty in each country?s situation differ.Debts, Public ; Budget deficits

Hit list?

Budget ; Expenditures, Public ; Budget deficits

Of mice and men

Budget ; Budget deficits ; Expenditures, Public

A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules

In this paper, we compare growth and welfare e¤ects of various budget rules within an endogenous growth model with productive public capital, utility enhancing public consumption and public debt. We find that a fixed deficit regime does not affect the long run growth rate compared to a balanced budget while the growth rate is increased by a golden rule. Welfare effects are ambiguous. Simulations indicate that economies populated by households who have a strong tendency to smooth consumption should adhere to a balanced budget rather than a golden rule or a fixed deficit rule from a welfare point of view. --Budget rules,golden rule of public finance,fiscal policy,endogenous growth,welfare