Federal Budget as an Economic Document: Hearings Before the United States Joint Economic Committee, Subcommittee on Economic Statistics, Eighty-Eighth Congress, First Session, on Apr. 23-25, 30, 1963United States. Congress Economic Joint Committee, United States. Congress. Joint Economic Committee. Subcommittee on Economic Statistics U.S. Government Printing Office, 1963 - 355 páginas Evaluates utility of budget of U.S. in analyzing Federal economic policies. |
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accrual activities administrative budget agencies appropriation assets balance basis benefits Billion Billion Billion borrowing budget document budgetary Bureau bursable capital budget changes COLM concept Congress cost countercycle debt decisions defense deficit Department dollars economic analysis economic document economic impact effect estimates Federal budget Federal Government figures finance fiscal policy forecasts full employment going governmental gross national product guilders important improve included increase investment Joint Economic Committee kind legislative loans major markkas ment monetary monetary policy money supply MOOR national income accounts nomic NOVICK obligational authority OKUN operations outlays payments percent personnel planning present President prise and Total problem proposed question receipts Reim Representative CURTIS revenue SCHMIDT SCHUCKMAN SCHULTZE Senator MILLER Senator PROXMIRE SHOUP statement statistical subcommittee surplus things tion transactions trust funds U.S. dollars WEIDENBAUM WILEDEN
Passagens conhecidas
Página 215 - Lindahl attempts to solve according to the principles of marginal utility, marginal productivity, and supply and demand. The production of public goods should be carried on to the point where utility is just offset by costs, as is the tendency in the private economy, or where the marginal satisfaction is the same from both public and private goods. Public goods, like private goods, may be divided into producers' goods and consumers
Página 196 - CEA estimate of full-employment surpluses shown in panel 1 of the chart. Senator PROXMIRE. Thank you very much, Mr. Levy. Our last witness is Mr. Emerson Schmidt. Mr. Schmidt, we are happy to have you. STATEMENT OF EMERSON P. SCHMIDT, DIRECTOR OF ECONOMIC RESEARCH OF THE CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA Mr. SCHMIDT. Thank you. I don't profess to be an expert in this field at all, Mr. Chairman. I appreciate the invitation, but my lack of expertness I think is evidenced by the length...
Página 220 - For example, a rapid expansion in new appropriations and in Government orders could stimulate a rise in business activity well before either the delivery of goods, the performance of services, or the payment for them. The management of public debt is a further factor which has a significant impact in the money and credit markets of the economy. Consequently, in evaluating the economic impact of Federal Government activities, there is no substitute for complete and detailed analysis of the Government...
Página 218 - States shall henceforth include a special analysis of all active long-term construction and development programs and projects authorized by the Congress, showing for each the total estimated cost, and the actual or estimated expenditures during prior fiscal years, the current fiscal year, the ensuing fiscal year, and subsequent fiscal years. All grant-in-aid programs shall be included in this analysis, in a separate grouping, showing under the heading 'Subsequent Fiscal Years' for grants of indefinite...
Página 207 - And yet there is a mythology that measures all of our national soundness or unsoundness on the single simple basis of this same annual administrative budget. If our Federal budget is to serve not the debate but the country, we...
Página 219 - RECOMMENDED MODIFICATIONS IN BUDGET PRESENTATION The Committee recommends the following modifications in existing presentation in order to achieve greater public understanding of the government's budget proposals : 1. As stated previously, a comprehensive cash budget, carefully evolved and tested, should ultimately replace the present administrative budget. Major emphasis in budget presentation should then be focused on this method of estimating receipts, expenditures, and surplus or deficit for...
Página 149 - Travel and transportation, persons 22 Transportation of things 23 Rent, communications and utilities 24 Printing and reproduction 25 Other services 26 Supplies and materials 30 Acquisition of capital as-sets 31 Equipment 32 Lands and Structures - 33 Investments and loans 40 Grants and fixed charges 41 Grants, subsidies and contributions 42 Insurance claims and indemnities 43 Interest and dividends 44 Refunds...
Página 282 - After 15 to 20 years, the basic approach of the consolidated cash concept has proved itself, but the time has come to re-examine it for the purpose of making those improvements which seem logical and sensible to the public as well as to the Government. SOME OBSERVATIONS ON THE BUDGET CONCEPT Gerhard Colm and Peter Wagner DURING recent years official and nonofficial statements have emphasized the existence of a number of valid concepts...
Página 276 - The much more important inverse relation — what level of taxes will help achieve the desired volume of total demand and output with the given expenditure plans — receives very little attention (see pp. 7-9, 19, 24-25). The budget makes it easy not to discuss that, the critical question, and to talk rather about the rights and wrongs of the surplus or deficit as such.4 It would be foolish to think that sensible and "This is written before the publication of the 1964 Budget.
Página 52 - It is also a request for legislation, since congressional action is necessary if the proposals in the budget are to be carried out. Further, it is an important aid in the management and administration of the Government's activities. Finally, it is an economic document, for it must take into account the many ways in which Government taxation and spending affect...