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BALANCING THE BUDGET GRADE 9 PARLIAMENTARY SIMULATION.

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Presentation on theme: "BALANCING THE BUDGET GRADE 9 PARLIAMENTARY SIMULATION."— Presentation transcript:

1 BALANCING THE BUDGET GRADE 9 PARLIAMENTARY SIMULATION

2 Key Questions 1.What is discretionary spending? 2.What is the budget deficit for 2015? Source: https://www.nationalpriorities.org/bu dget-basics/federal-budget- 101/spending/

3

4 What is budget deficit? What is the national debt? In early, 2015, the U.S. was $18.1 trillion in debt.

5 What does your political party need to do? Balance the Budget or Run a Surplus for this financial year. How do you do this? Option 1 Decrease government spending, by cutting spending in specific areas/departments How much & why? Option 2 Increase government revenue. New taxes, duties and charges? How much and why?

6 Balance the Budget: Government revenue = Government Expenditure.

7 Summary Budget Table DepartmentCurrent SpendingNew Proposed Spending Why? Military$640 Billion???

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