Standard SSEMA3b-Explain the government’s taxing and spending decisions.

Slides:



Advertisements
Similar presentations
Government Spending Daniel Camit Derrik Overton Kevin Phipps Billy Raddell.
Advertisements

Government Revenue and Spending. Mandatory payments known as taxes make up the vast majority of government revenue. Principles of Taxes: - Benefits Received:
Budget, Deficit, Debt By PresenterMedia.com PresenterMedia.com.
CHAPTER 10 GOVERNMENT SPENDING.
Ch. 10 Government Spending. Section 1 Government Spending in Perspective Total government expenditures at all levels was almost $2.9 trillion in 2001-
Notebook # 30 Economics 10-2 Federal Government Expenditures Pages
Federal Government Expenditures. Federal Budget –An annual plan outlining proposed revenues and expenditures for the coming year –Consists of: Mandatory.
Chapter Introduction 1 Economics and You If you borrow money because you spend more than you earn, you run a deficit. In Chapter 10, you will learn how.
Brandon, Jordan, Ricardo, Monica, and Cynthia  The role of the federal government has grown, making it a vital player in the economy.  Incomes are.
Today’s Schedule – 11/21 Government Spending PPT Presidential Budget Analysis HW – Read 15.1/15.2.
Your tax dollars at work Congressional Budget Process Enacted to bring order to decision making of how to Establishes timetable for orderly decision.
Health Economics Unit Budget of the US Government Fiscal Year 2000 l October 1, 1999 to September 30, 2000 l Total Government Spending is 29% of.
The Congress, the President, and the Budget: The Politics of Taxing and Spending Chapter 14.
THE CONGRESS, THE PRESIDENT, AND THE BUDGET: The Politics of Taxing and Spending.
Government Spending In 2001, total government expenditures amounted to nearly $2.9 trillion. On a per capita basis, this amounted to almost $10,300 for.
Government Spending Chapter 10.
GOVERNMENT SPENDING. I.Government Spending in Perspective A.In 2003 – approx. $3 trillion or about $10,300 for every man, woman and child B. The events.
Monetary Policy Monetary Policy – the process by which the government controls the supply of money in circulation and the supply of credit through the.
 The Federal government  collects money (revenue) and  spends money.  The government is important in our economy.
Ch. 10 Econ 1. Total gov’t expenditures at all levels was almost $3 trillion in about $__________ for every American.
The Federal Budget Process In A Very Small Nutshell May 9, 2007.
Chapter 25.1 The Federal Government. Preparing the Budget Each year, the president and Congress create the federal budget, which is a plan for how the.
Ch. 25 Section 1 The Federal Government. Preparing the Budget Each year, the President and Congress are responsible for creating the federal budget –
Brief Response What are the arguments for and against tax credits and deductions? (4) Pro (for): – They let the wealthy and businesses keep more of their.
The Economics of Government Spending
Chapter 14 Vocabulary.  Budget - A policy document allocating burdens (taxes) and benefits (expenditures)  Deficit - An excess of federal expenditures.
Congressional Budget Process Enacted to bring order to decision making Establishes timetable for orderly decision-making Establishes rules and procedures.
Raising Money Types of Taxes Managing the Country’s Money.
Chapter 2 The Economy: Myth and Reality E pluribus unum (Out of many, one) MOTTO ON U.S. CURRENCY.
$100 $400 $300 $200 $400 $200 $100$100 $400 $200$200 $500$500 $300 $200 $500 $100 $300 $100 $300 $500 $300 $400$400 $500.
Unit 1-5: Basic Economic Concepts 1. The Circular Flow Model The Product Market- The “place” where goods and services produced by businesses are sold.
By: Brett Brooks, Parvathi Pillai, and Chandler Welch.
Section 1 The Economics of Government Spending Pork is a popular trend used by politicians to satisfy their constituents.Pork Taxpayers generally would.
Spending Chapter 4. Consumer Spending Questions: Based on the pie chart from slide 2, what percentage of consumer spending is made up of housing-related.
Congress, the President, and the Budget. The debt and the deficit Budget deficit – spending > revenues in a year Budget deficit – spending > revenues.
Today’s Schedule – 11/20 PPT – Federal Spending – Fiscal Policy Filing Taxes HW – Read 15.1/15.2.
THE APPROPRIATIONS PROCESS RITA MARTIN CSAVR DEPUTY DIRECTOR.
Federal Government Expenditures. Warm Up 1. What is the incidence of tax? 2. Give an example of how the incidence of tax can be shifted.
Section 2 Federal Government Expenditures Federal budget expenditures include –Social Security—considered mandatory spendingmandatory spending –National.
Government Spending in Perspective Total government expenditures at all levels was almost $3 trillion in 2003—about $10,300 for every American. Government.
Fiscal Policy= Congress+ President Budget: – A policy document allocating burdens (taxes) and benefits (expenditures). Deficit: – An excess of federal.
THE BUDGET… Every year, the President and Congress must appropriate funds Budget – a policy document allocating burdens (taxes) and benefits (expenditures)
Chapter 10 – Government Spending. Section One – The Economics of Government Spending I.Government Spending in Perspective i. Government called on to do.
Chapter 10 Sections 2,3 & 4 By: Colette Spencer. Federal government has two kinds of spending: 1) goods and services Tanks, planes, space shuttles Office.
{ Topic 8:Taxes and Spending.  Governments collect taxes to pay for programs, but taxes can have powerful effects on the general economy  The federal.
Federal Government Finances Fiscal Year- A 12-month financial planning period that may or may not coincide with the calendar year. The government’s fiscal.
Government Spending. The Public Sector  The public sector includes local, state, and federal governments  The public sector is supported primarily through.
Chapter 10 Government Spending Section 1: Per capita per person Every man, woman, and child.
REVIEW- The Federal Reserve System In your warm-up section, as we watch the video, List 3 important.
+ Welcome C&E Students!!! Would you rather defend yourself against an army of Smurfs or an army of Carebears?
The federal government takes in money for the budget through taxation and borrowing. These decisions have a powerful impact on the overall economy.
UNDERSTANDING TAXES AND GOVERNMENT SPENDING GOVERNMENT AND THE ECONOMY.
CHAPTER 10: ECONOMICS OF SPENDING Chevalier Fall 2015.
Federal Government Expenditures
Federal Expenditures The programs & services the federal government funds are divided into two categories. Mandatory spending—or spending that is required.
Government Spending.
Coach Roberts Spring Semester 2011
Unit 1: Basic Economic Concepts 1.5 Circular Flow Diagram
Federal Government Expenditures
Bell Activity What do you already know about federal spending categories?
Chapter 10 Government Spending
Federal Government Spending
Does the federal government budget and spend your tax dollars wisely?
Government Spending Essential Question:  Who and what should be taxed, and how should governments spend tax money? Learning Target:   Compare and contrast.
$100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500.
The Branches of Our Government part 1
The Federal Budget Process
Warm Up 1. What is the coolest (PG Rated thing you did over break?
Government Spending Chapter 10 – Section 1
Governmental Spending
Presentation transcript:

Standard SSEMA3b-Explain the government’s taxing and spending decisions

Ways of Spending Purchase- government buys goods and services as well as pays wages and salaries Transfer- payment where no good or service is received in return

Types of Spending Discretionary- must receive authorization by the House Mandatory- spending authorized by law

Biggest spending categories 1. Defense 2. Healthcare 3. Social Security

Impact of Spending Resource Allocation Redistribution of income Competing with private Sector

How is the budget set? Senate Must approve the bill sent by the House House Approve, modify, or disapprove Set initial budget targets for spending Executive President establishes the budget

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.