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The Federal Budget: an Overview Source: Budget of the United

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The federal budget: An overview The federal budget: An overview   Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington, D.C.: U.S.Government Printing Office,2016) ,Tables 1.1 and 7.1. Note: Data are estimates for fiscal year 2017. -When does a balanced budget occur? A) appropriations are equal to authorizations B) government spending is equal to the sum of all tax expenditures C) the national debt is zero -Consider This: It is possible to actually borrow to ensure that there is no deficit or surplus.Over time,this will lead to a debt or to unhappy citizens,but it does work for a temporary stopgap measure. D) there is no budget deficit Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington,
D.C.: U.S.Government Printing Office,2016) ,Tables 1.1 and 7.1.
Note: Data are estimates for fiscal year 2017.
-When does a balanced budget occur?


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