You Are Given the Following Budget Data for a Country

question 17

Short Answer

You are given the following budget data for a country that has both a central government and local governments.

(a)How much is the deficit for the central government,the local government,and the total of the central and local governments?
(b)How much is the primary deficit for the central government,the local government,and the total of the central and local governments?

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Definitions:

Optimal

The most favorable condition or level of efficiency that a system, selection, or outcome can achieve under given constraints.

Collection Float

The time interval between when a payment is deposited and when funds become available in the company’s account, affecting cash flow.

Cheques

Written, dated and signed instruments that direct a bank to pay a specific sum of money to the bearer.

Disburses

The act of paying out or distributing funds, typically related to the operational expenses or investment payouts of a company.