It has been a week since Congress passed the Republicans' major budget act. But what’s in it and how it will affect Americans' day-to-day lives remains a mystery to most. Congressional correspondent ...

Trump’s signature legislation will push defense spending past $1 trillion, with new funding for innovation and other ...

The concept of the multiplier was introduced by Britain’s F. A. Kahn in the early 1930s and was soon adopted by John Maynard Keynes, who proposed that government deficit spending was needed to climb ...

Note that the key feature here is that the expenditure by one person becomes the income of another person. At each stage in the spending chain, individuals spend 90 percent of the additional income ...

Union Budget 2025: Analysis of Indian economy's growth patterns, fiscal spending, and impact on consumption trends, highlighting need for policy changes.

Let’s say that, of the government’s £5 billion investment in housebuilding, £3 billion is used to hire workers and pay their wages, whilst the rest is used to purchase the necessary supplies. As we ...

On Sept. 25, the US Senate voted 78-18 to pass a bipartisan Continuing Resolution (CR; H.R. 9747) to extend federal spending and avert a government shutdown through Dec. 20.

The Central government is set to make the highest-ever effective capital expenditure in the fiscal year 2024-25, Union Finance Minister Nirmala Sitharaman said during the proceedings in Lok Sabha.

Many incorrectly assume that the overall economy’s output increases by a multiple of the increase in expenditure by government, consumers, and businesses. For instance, if out of an additional dollar ...

Example of the Fiscal Multiplier Let's say that a national government enacts a $1 billion fiscal stimulus and that its consumers' MPC is 0.75. Consumers who receive the initial $1 billion will ...

Government's Flagship: On the other hand, the share of primary and secondary care in private health expenditure has declined from 83.0 per cent to 73.7 per cent during the same period ...