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| | Encyclopedia: Budget surplus |
 | | Subsequently the budget has returned to a deficit basis; the estimated U.S. deficit for fiscal year 2004 is $412.6 billion. | | | Others, fiscal conservatives denounce deficit spending and advocate balanced budgets. | | | A budget deficit occurs when an entity (often a government) spends more money than it takes in. |
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http://www.nationmaster.com/encyclopedia/Budget-surplus
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| | South-Western: Budget Surplus |
| | As the government deficit or surplus is currently measured, social security revenues and expenditures are included in the "unified budget." The recent budget surplus, however, was primarily due to a surplus in the social security account. | | | Budget forecasts may be found in the online copy of "Economic and Budget Outlook: Fiscal Years 2000-2009" (chapter 2 of this document deals with the federal budget outlook). | | | William Niskanen, the chairman of the Cato Institute, argues that the federal budget surplus should be used to finance one or more major fiscal reforms. |
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http://www.swlearning.com/economics/policy_debates/surplus.html
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| | AllRefer.com - Libya - Budget, Expenditures, and Revenues in Libya Libyan Information Resource |
| | Under the revolutionary government, the budget was divided into an annual administrative expenses budget, an annual development expenditures budget, and a special expenditures budget. | | | After the administrative budget had been balanced, the remaining oil revenue was used to fund the development budget. | | | The special expenditures and commodity budgets have not been in the formal budget, but they have been approved during the fiscal year by the GPC. |
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http://reference.allrefer.com/country-guide-study/libya/libya82.html
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| | The Federal Budget Surplus |
| | The budget surplus is the amount that the total government incomes exceeds the government expense for that year. | | | The budget surplus is only about 2% of the National Debt. | | | None of the budget surplus should be converted to defense spending. |
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http://www.geocities.com/dawso007/amnsenatedebateq4.html
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| | Budget Surplus Myth |
| | And instead of the promised balanced budget by 1984, the federal government ran a budget deficit of $185.7 billion in fiscal year 1984, and the deficit had reached $238 billion by fiscal year 1986. | | | A budget deficit is the amount by which expenditures exceed receipts in a single year. | | | The primary on-budget sources of revenue are the individual income tax and the corporation income tax. |
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http://www.delta.edu/mkhiatt/surplus_myth.html
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| | Social Security and the Budget Surplus - 3/13/98 |
| | Their thinking was that if members of Congress and the executive branch focused on the non-Social Security budget, they would adjust their decisions on taxation and spending to reduce the deficit in that part of the budget. | | | The President's budget projects a surplus in the non-Social Security part of the budget beginning in 2007 and projects that under the Administration's budget request, the projected unified budget surplus will total $1.1 trillion through 2008. | | | This occurs not only when a budget deficit is reduced but also when the government uses budget surpluses to shrink — or "pay down" — the national debt. |
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http://www.cbpp.org/313socsec.htm
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| | NCPA - Federal Spending And The Budget - Will The Budget Surplus Evaporate? |
| | Federal budget watchdogs are coming to the grim conclusion that the budget surplus is disappearing. | | | The true effect of the just-passed tax-cut bill on the budget may be understated -- perhaps by hundreds of billions of dollars. | | | Then any rosy budget scenario assumes that somehow Congress will keep spending increases for the next decade to roughly half of the average of the last couple of years -- and that the Bush administration won't weigh in with big new defense spending or substantial emergency-spending requests. |
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http://www.ncpa.org/pd/budget/pd062001c.html
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| | Budget Surplus Obscures Uncertainties (Gotham Gazette. March, 2004) |
| | The large budget surplus for this year and the smaller anticipated surplus for next year stem in large part from the property, personal income, and sales tax increases that the mayor proposed and, with modest changes, the council enacted in the last budget cycle. | | | It is the largest municipal budget in the country. | | | The city's official projections of future budget deficits include $4.5 billion in fiscal year 2007 and $3.7 billion in 2008. |
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http://www.gothamgazette.com/article/finance/20040309/8/908
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| | CBC News Indepth: Budget |
| | For instance, for the fiscal year 2001/02, the government originally estimated a surplus of $1.5 billion. | | | Every year, the finance minister gets up in the House of Commons and tables his budget – the government's spending plans for the year. | | | On Oct. 13, 2004, Goodale announced that tax revenues were higher than expected and the actual surplus was $9.1 billion – almost five times what he budgeted for. |
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http://www.cbc.ca/news/background/budget
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| | U.S. Economy: The Federal Budget Surplus Surprise - Expand Your Insight - FRB Dallas |
| | After a steady decline in the deficit from 1993 to 1996, a budget “surprise” unexpectedly brought the budget close to balance in 1997 and moved it into surplus in 1998 for the first time in 29 years. | | | Analysts are still trying to fully explain the budget surplus surprise, but several factors emerge from a comparison of the actual fiscal 1998 budget outcome with the May 1996 CBO projection. | | | The budget surplus surprise, combined with new legislation adopted on August 5, 1997, has profoundly altered the budget outlook. |
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http://www.dallasfed.org/eyi/usecon/9908surplus.html
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| | U.S. budget surplus shrinks in 2001 - Oct. 29, 2001 |
| | The Treasury Department reported a budget surplus for the fiscal year, which ended on Sept. 30, of $127 billion, compared with $237 billion a year ago. | | | Though it also was the second-largest surplus in history, it was the first time since 1992 that the budget worsened. | | | Some economists believe the government will post a deficit in the 2002 budget year, the first shortfall since 1997, and most expect the economy to fall into a recession in the wake of the Sept. 11 attacks, if it wasn't there already. |
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http://money.cnn.com/2001/10/29/economy/budget
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| | HOW THE SURPLUS WAS LOST |
| | The "structural" budget surplus - the surplus you could have expected from the same tax and spending policies under more normal economic conditions - was probably less than $100 billion, all of it accounted for by Social Security. | | | Now the surplus turns out to have been a figment of our imagination; that means that tax cuts come at the expense either of bigger deficits or of cuts in discretionary spending. | | | "Budget projections that incorporate the effects of likely future tax and spending policy indicate that the nation is in for a period of growing deficits. |
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http://www.wws.princeton.edu/~pkrugman/howlost.html
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| | Economic surplus - Encyclopedia.WorldSearch |
| | For information about a budget surplus, see budget deficit. | | | A basic technique of bargaining for both parties is to pretend that their surplus is less than it really is: sellers may argue that the price they asks hardly leaves them any profit, while customers may play down how eager they are to have the article. | | | If the government intervenes, using, for example, a tax or a subsidy, then the graph of supply and demand becomes more complicated and will also include an area that represents government surplus. |
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http://encyclopedia.worldsearch.com/consumer_and_producer_surplus.htm
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| | Federal Budget, by John F. Cogan: The Concise Encyclopedia of Economics: Library of Economics and Liberty |
| | The last time that federal budget expenditures were brought into balance with revenues was in 1969, and prior to that the last time was in 1960. | | | When the budget process has been highly centralized, spending has been held in check and the budget has been balanced. | | | The congressional budget process itself has contributed mightily to persistent budget deficits. |
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http://www.econlib.org/library/Enc/FederalBudget.html
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| | Notes on the Budget Surplus and Capital Gains |
| | Treasury Department "Monthly Budget Statements" for tax revenues and spending by month in fiscal 1998 through May. Office of Management and Budget (May 1998) and Congressional Budget Office (June 1998) for revenue and spending estimates beyond May of 1998. | | | Office of Management and Budget for tax and spending data for fiscal years through 1997. | | | The 1998 surplus so far has been driven by a $103 billion increase in revenues in fiscal 1998 through May compared to the same period in fiscal 1997. |
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http://www.ctj.org/html/cg1998.htm
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| | BBC News BUSINESS US budget surplus gone |
| | The huge US government budget surplus - which one year ago was estimated at $5.6 trillion over 10 years - is set to disappear as the effects of the economic slowdown and the Bush administration tax cuts take effect. | | | Meanwhile, the Bush administration is expected to propose next month a Federal budget that runs an even bigger deficit of nearly $100bn to cover the costs of the war against terrorism. | | | Much of the projected budget surpluses were actually "off-budget" - they are the accumulated surpluses being built up by the social security system against the claims of the "baby boomers" who will be retiring after 2010. |
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http://news.bbc.co.uk/1/hi/business/1775698.stm
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| | D.C. Budget Shows $395 Million Surplus for Year (washingtonpost.com) |
| | The District is running nearly a $400 million budget surplus for the current fiscal year, according to new estimates released yesterday by the city's chief financial officer. | | | Budget makers use the estimate as a starting point in the budget process. | | | Last year, the council passed legislation that required the mayor to submit a budget that does not exceed the current year's spending by 4.7 percent. |
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http://www.washingtonpost.com/wp-dyn/articles/A2491-2005Mar2.html
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| | BBC News BUSINESS US budget surplus disappears |
| | The creation of a budget surplus was the result of a long struggle between the White House and Congress that began during the Clinton years. | | | The head of the White House Office of Management and Budget, Mitch Daniels, said that the recession and the need for more tax cuts meant that the Federal government would run a deficit until 2005. | | | The US budget surplus looks set to disappear for the next few years - just months after a huge budget surplus was projected. |
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http://news.bbc.co.uk/hi/english/business/newsid_1682000/1682317.stm
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| | How Much of the Surplus Remains after the Tax Cut? - Rev. 6/27/01 |
| | The budget resolution is not a law but a budget framework that provides budget allocations to the Congressional committees that write tax, entitlement, and appropriations laws. | | | The available surplus of $31 billion in 2002 is the result of another gimmick in the tax bill. | | | These projections show a unified budget surplus that grows from $304 billion in 2002 to $883 billion in 2011 and totals $5.6 trillion over the ten-year period from 2002 through 2011. |
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http://www.centeronbudget.org/6-13-01bud.htm
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| | President Clinton announces another record budget surplus - September 27, 2000 |
| | The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. | | | The new budget year begins October 1, and work has been completed on only two of the 13 annual spending bills, as the Republican-led Congress and the White House remain at odds over spending allocations. | | | This is the first year we've balanced the budget without using the Medicare trust fund since Medicare was created in 1965. |
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http://archives.cnn.com/2000/ALLPOLITICS/stories/09/27/clinton.surplus
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| | CTJ Analysis of Federal Budget Surplus |
| | In January of 2001, the Congressional Budget Office increased its estimate of the ten-year federal budget surplus by almost $1 trillion. | | | In other words, the surplus could be a lot bigger than projected, or we could actually have a big budget deficit by 2006. | | | Yet the total amount of surplus revenues available for tax cuts is less than what these rosy figures would indicate. |
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http://www.ctj.org/html/surp0301.htm
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| | PAY IT BACKWARDS: The Federal Budget Surplus |
| | In 1998, that changed; the deficit of all those decades was replaced by a surplus of $69 billion; in 1999, the surplus rises to $125 billion; in the year 2000, it rose still higher. | | | And here we are, early in 2001, and according to the latest budget forecasts of the Congressional Budget Office, the surplus in 2001 could hit in the range of $270, 280 billion. | | | But, before we get to the federal budget, a few words about the family budget. |
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http://www.uncommonknowledge.org/00fall/526.html
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| | The Vanishing Budget Surplus: Interpreting CBO's New Projections and Fiscal Prospects |
| | Recent corporate scandals have heightened concern that misleading accounting data can substantially misrepresent an entity's financial health; although federal budget figures are clearly not intentionally fraudulent, as appears to have been the case in some corporate settings, the basic concern about the accuracy of budget figures is relevant to the federal government. | | | The short-term changes are due primarily to worsening economic conditions, which account for about two-thirds of decline in the 2002 budget and half of the projected changes for 2003 to 2005. | | | Third, federal budgeting methods significantly misrepresent the government's underlying fiscal position. |
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http://www.brook.edu/views/papers/orszag/20020829.htm
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| | Shrinking Surplus Is Budget Battle Cry (washingtonpost.com) |
| | But in the tax bill passed this summer, Republicans shifted $33 billion in corporate tax payments from fiscal 2001 to 2002 because they feared that the tax cut in 2002 would reduce revenue so much that the government would be forced to tap Medicare payroll taxes to cover government expenses in an election year. | | | The economy will play a large role in determining the size of the surplus in future years, and the administration is banking on a sharp rebound in 2002 to ease the budget situation. | | | Mitchell E. Daniels Jr., the White House budget director, said the Democratic rhetoric is "all nonsense." He said the only reason to set aside Medicare payroll taxes was to restrain spending by Congress. |
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http://www.washingtonpost.com/ac2/wp-dyn/A30602-2001Aug18
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| | State budget surplus up by $33M |
| | The budget forecasters, however, are optimistic for a 5 percent return for the second half of the fiscal year. | | | The report boosted expected federal mineral royalties by $25.2 million, with $8.6 million going to schools and $17.3 to the Budget Reserve Account which, like the General Fund, is available to the Legislature. | | | CHEYENNE -- The state's surplus grew by $33 million after revenue projections were boosted for mineral taxes, leaving $169 million in the coffers for the Legislature's two-month general session which begins Tuesday. |
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http://www.casperstartribune.net/articles/2003/01/17/news/wyoming/e30b6cf0413049c8d5a4e9f78271d354.txt
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| | Historical Budget Data |
| | The historical budget data presented below are from Appendix F of the CBO publication The Budget and Economic Outlook: Fiscal Years 2006 to 2015, released on January 25, 2005. | | | Detailed historical data are maintained by the Office of Management and Budget and published annually as part of the President's budget submission. | | | Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public, 1962 to 2004 (Billions of dollars) |
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http://www.cbo.gov/showdoc.cfm?index=1821&sequence=0
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| | Who Lost the Budget Surplus? |
| | One year ago, the Congressional Budget Office predicted that the budget surplus for 2002 would be $313 billion. | | | A government spending spree is the most controllable factor behind the deterioration of the budget outlook and accounts for 18% of the lost surplus. | | | The budget surpluses have been lost, not by tax cutters, but by the big spenders in Congress who created the enormous deficits of the 1970s, ’80s, and ’90s to begin with. |
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http://www.freerepublic.com/focus/fr/615802/posts
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| | Federal Budget Surplus Project |
| | The recent arrival of federal budget surpluses, however, has done little to improve the process and timeliness of budgeting at the federal level and has raised new questions about how the federal surplus should be "spent". | | | NCSL was one of the first national organizations to call on Congress and the President of the United States to eliminate the federal budget deficit. | | | Federal Budget 101: Overview of the Rules, Processes and Procedures of Federal Budgeting |
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http://www.ncsl.org/statefed/surproj.htm
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| | Tax cut likely as surplus hits $7.5bn - National - smh.com.au |
| | The Government has already bolstered its election spending options for the 2003-04 budget by shifting a $1 billion portion of this year's dividend from the Reserve Bank to next financial year. | | | The 2002-03 surplus was the biggest for three years and reverses a $1 billion deficit the previous year. | | | Private forecasters said the Government's financial position was much rosier than Mr Costello's budget forecasts, with the prospect of stronger economic growth next year likely to deliver further windfalls to fund possible tax cuts and spending promises. |
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http://www.smh.com.au/articles/2003/09/30/1064819934412.html
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| | Fact Sheet: The Largest Budget Surplus in U.S. History |
| | Instead, as a result of the decisive action the President took in 1993 and 1997, the budget is actually in surplus by more than $115 billion - implying a total improvement relative to the forecast of more than $519 billion in 1999 alone. | | | In fact, Federal spending as a percentage of the economy has been lower in every year for which President Clinton submitted a budget than it was for any year under either of the two preceding Administrations. | | | In January 1993, the Congressional Budget Office projected that the deficit would reach $404 billion in 1999. |
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http://www.usembassy.it/file9909/alia/99092702.htm
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| | The Globe and Mail |
| | Canada's budget surplus tripled to $2.4-billion in January from a year earlier as the government included more income from personal tax revenue. | | | Because the inclusion of tax receipts occurred a month earlier than last year, February numbers will “fall off considerably” from the January level, the Finance Department said. |
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http://www.theglobeandmail.com/servlet/story/RTGAM.20050324.wsurplus0324/BNStory/Business
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| | Tax Policy Center Publications |
| | AMT Relief in the FY2005 Budget (February 4, 2004) | | | The Budget and the Economy (January 29, 2002) | | | Framing the Budget Debate for the Future (January 29, 2002) |
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http://www.taxpolicycenter.org/publications/template.cfm?ListByDate=true
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| | Home Page for State Surplus Property. |
| | A Division of the Office of Management and Budget | | | To support our customers by providing them quality products and services in a timely and cost efficient manner. | | | to the North Dakota Office of Management and Budget - Surplus Property Services Home Page. |
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http://www.state.nd.us/csd/surplus
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| | Surplus -- Facts, Info, and Encyclopedia article |
| | budget surplus, the opposite of a (An excess of expenditures over revenues) budget deficit | | | (Click link for more info and facts about economic surplus) economic surplus |
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http://www.absoluteastronomy.com/encyclopedia/s/su/surplus.htm
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| | U.S. National Debt Clock |
| | The Treasury Department's Bureau of Public Debt also has their own Public Debt FAQ. | | | 4 Jan 04 - Bush's budget for 2005 seeks to rein in domestic costs (New York Times) | | | 27 Sep 00 - President Clinton Announces Another Record Budget Surplus (CNN) |
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http://brillig.com/debt_clock
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