美国财政赤字 中美政府财政状况比较(英文版)
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• from $1.09 trillion in 2012. That’s the smallest imbalance since 2008, when the
• government ran a $458.6 billion deficit. • The deficit is the gap between the government’s tax revenue and its
THANK YOU
1、America's development always adjoint with the government budget deficit .
2、two main reasons for US budget deficit .
3、America's deficit problem has great influence on the development of America's and the world's economic.
China 1st.Public administration 2nd.Economic construction
Public services occupy small the proportion.
The reason for the differences
• America is a capitalist market economy country,the government resouces rarely put in investment and state-owned business.
3.Comparing government financial situation between China and U.S.A
Comparison of expenditure eg.2010
一般公 共服务
国防
公共 安全
经济事 务
城乡 社区 服务
医疗卫 生
文化、
体育 与传
Leabharlann Baidu
教育
媒
社会保 障和就 业
• Personal income tax is the most part of fiscal revenue
• According to statistics, the groups which are taxed more than $ 100,000 annual income, accounting for over 60% of all U.S. personal income tax revenue
Second factor: enhancing money issurance
However ,excess money will
certainly cause inflation
• According to Philips curve ,the decrease of unemployment rate makes the increase of inflation rate .
• The proportion of China's defense spending is less than the proportion of the U.S.
Comparing sources of fiscal
revenue_China
• Main methods of fiscal revenue:Taxation、Profits of States-owned assets、 Government loan、 Government charge、 other income
China( 占公共 财政支 出)
1379 10.4%
USA(占 经常性
6807
支出) 12.9%
788 5.9%
815 4480 884 719 6.1% 33.7% 6.7% 5.3%
7021 3253 3167 13.3% 6.2% 6.0%
442 10917 0.8% 20.7%
228 1.7%
Fifth factor: Higher Tax Rates
Part two: fiscal expenditure declined
• 3/1,American government set up automatic system that cut expenditure to decline expenditure and decrease deficit ,according to US governments plans ,it will be declined 85trillions dollars in spending in this year .it will be declined 1200trillions dollars in spending in this year .
• higher tax rates. And government spending declined 2.4 percent to $3.45 trillion, in part
• because of across-the-board spending cuts that took effect in March.
spending. It
• narrowed for the budget year that ended on Sept. 30 because revenue rose while
• spending fell.
• Revenue jumped 13.3 percent to $2.77 trillion, reflecting a slightly better economy and
• Tax revenue mainly from enterprises.Personal income tax accounted for very less propotion.
Comparing sources of fiscal
revenue_USA
• mainly from richers
• The public service of USA is responsible to central government.However its belongs to local government (central government only manage the transfer payment and 211 universities directly under central government) in China
Z3 x R
• 周浩 • 钟田一子 • 张婧 • 谢媛 • 任东宇
• III. U.S. Budget Deficit Down to $680B, Lowest in 5 Years Read more: U.S. Budget Deficit Down to $680B, Lowest in 5 Years | TIME.com
Summaries
• Fiscal expenditure China：Public administration expenses、 Economic construction USA：Social Security Fund (including military spending)
• Fiscal revenue China：Taxation、Profits of States-owned assets(国有企业资产）、Government loan USA：Personal income tax paid by the wealthy
312 0.6%
1854 1349 14.0% 10.2%
7647 13053 14.5% 24.8%
Focus of expenditure
USA 1st.Public service (eg：
Social security, medical insurance system) Add:USA combine the NSSF and Government spending.why？
Third factor: inflation
• Inflation is the covert way that government reduce deficit .government can levy inflation tax from currency holders and government securities holders .obviously ,the larger the scale government securities ,the higher inflation rate ,the more inflation tax will be levied .countries such as Brazil or Mexico with high inflation and huge government securities can obtain the major government revenue by this way .
• For the first time in five years, the U.S. government has run a budget deficit below $1
• trillion.
• The government says the deficit for the 2013 budget year totaled $680.3 billion, down
Two aspects :The increase of fiscal revenues;
• The decrease of
fiscal
expenditure
First factor :Manufacturing return to the U.S.
• 8/11/2010:U.S. Manufacturing Promotion Act
Forth factor: implement loose monetary policy
• Recently years ,the annual interest rate of U.S is always below the 0.25%. the low interest rate cause saving decrease and promote market recovery and the sales of durable goods ,so it expand the consumption expenditure .So, the tax revenue is increasing sharply.
4、the US fiscal deficit will keep high in the future two years.
美国赤字问题
1981-2012年美国国债与GDP占比
关于美国赤字未来预测
The second question:
• What factors do you think have contributed to the strong improvement in the nation's near-term fiscal picture?
• government ran a $458.6 billion deficit. • The deficit is the gap between the government’s tax revenue and its
THANK YOU
1、America's development always adjoint with the government budget deficit .
2、two main reasons for US budget deficit .
3、America's deficit problem has great influence on the development of America's and the world's economic.
China 1st.Public administration 2nd.Economic construction
Public services occupy small the proportion.
The reason for the differences
• America is a capitalist market economy country,the government resouces rarely put in investment and state-owned business.
3.Comparing government financial situation between China and U.S.A
Comparison of expenditure eg.2010
一般公 共服务
国防
公共 安全
经济事 务
城乡 社区 服务
医疗卫 生
文化、
体育 与传
Leabharlann Baidu
教育
媒
社会保 障和就 业
• Personal income tax is the most part of fiscal revenue
• According to statistics, the groups which are taxed more than $ 100,000 annual income, accounting for over 60% of all U.S. personal income tax revenue
Second factor: enhancing money issurance
However ,excess money will
certainly cause inflation
• According to Philips curve ,the decrease of unemployment rate makes the increase of inflation rate .
• The proportion of China's defense spending is less than the proportion of the U.S.
Comparing sources of fiscal
revenue_China
• Main methods of fiscal revenue:Taxation、Profits of States-owned assets、 Government loan、 Government charge、 other income
China( 占公共 财政支 出)
1379 10.4%
USA(占 经常性
6807
支出) 12.9%
788 5.9%
815 4480 884 719 6.1% 33.7% 6.7% 5.3%
7021 3253 3167 13.3% 6.2% 6.0%
442 10917 0.8% 20.7%
228 1.7%
Fifth factor: Higher Tax Rates
Part two: fiscal expenditure declined
• 3/1,American government set up automatic system that cut expenditure to decline expenditure and decrease deficit ,according to US governments plans ,it will be declined 85trillions dollars in spending in this year .it will be declined 1200trillions dollars in spending in this year .
• higher tax rates. And government spending declined 2.4 percent to $3.45 trillion, in part
• because of across-the-board spending cuts that took effect in March.
spending. It
• narrowed for the budget year that ended on Sept. 30 because revenue rose while
• spending fell.
• Revenue jumped 13.3 percent to $2.77 trillion, reflecting a slightly better economy and
• Tax revenue mainly from enterprises.Personal income tax accounted for very less propotion.
Comparing sources of fiscal
revenue_USA
• mainly from richers
• The public service of USA is responsible to central government.However its belongs to local government (central government only manage the transfer payment and 211 universities directly under central government) in China
Z3 x R
• 周浩 • 钟田一子 • 张婧 • 谢媛 • 任东宇
• III. U.S. Budget Deficit Down to $680B, Lowest in 5 Years Read more: U.S. Budget Deficit Down to $680B, Lowest in 5 Years | TIME.com
Summaries
• Fiscal expenditure China：Public administration expenses、 Economic construction USA：Social Security Fund (including military spending)
• Fiscal revenue China：Taxation、Profits of States-owned assets(国有企业资产）、Government loan USA：Personal income tax paid by the wealthy
312 0.6%
1854 1349 14.0% 10.2%
7647 13053 14.5% 24.8%
Focus of expenditure
USA 1st.Public service (eg：
Social security, medical insurance system) Add:USA combine the NSSF and Government spending.why？
Third factor: inflation
• Inflation is the covert way that government reduce deficit .government can levy inflation tax from currency holders and government securities holders .obviously ,the larger the scale government securities ,the higher inflation rate ,the more inflation tax will be levied .countries such as Brazil or Mexico with high inflation and huge government securities can obtain the major government revenue by this way .
• For the first time in five years, the U.S. government has run a budget deficit below $1
• trillion.
• The government says the deficit for the 2013 budget year totaled $680.3 billion, down
Two aspects :The increase of fiscal revenues;
• The decrease of
fiscal
expenditure
First factor :Manufacturing return to the U.S.
• 8/11/2010:U.S. Manufacturing Promotion Act
Forth factor: implement loose monetary policy
• Recently years ,the annual interest rate of U.S is always below the 0.25%. the low interest rate cause saving decrease and promote market recovery and the sales of durable goods ,so it expand the consumption expenditure .So, the tax revenue is increasing sharply.
4、the US fiscal deficit will keep high in the future two years.
美国赤字问题
1981-2012年美国国债与GDP占比
关于美国赤字未来预测
The second question:
• What factors do you think have contributed to the strong improvement in the nation's near-term fiscal picture?