Discover published sets by community

Public debt, also known as national or sovereign debt, is the total amount owed by the government to creditors. It accumulates when deficits are financed by borrowing and is a concern in public administration for long-term fiscal stability.

Fiscal policy refers to the use of government spending and taxation to influence the economy. It's vital in public administration for regulating economic fluctuations and achieving macroeconomic goals.

Mandatory spending is government spending on certain programs that are required by law, such as Social Security and Medicare. It is a significant component of public administration as it ensures the funding of essential services.

A surplus arises when a government's revenues exceed its expenditures during a fiscal year. It allows for debt reduction or investment in public administration.

The debt ceiling is a legislative limit on the amount of national debt that can be incurred by the government. It is a critical topic in public administration, often leading to debates on fiscal responsibility and government funding.

A balanced budget is when a government's revenues equal its expenditures within a fiscal year. Critical in public administration for sustainable fiscal policy and avoiding deficits.

Discretionary spending is that part of the budget that is decided by Congress through the annual appropriations process, including defense and education spending. It reflects policy priorities in public administration.

A fiscal year is a one-year period that governments and businesses use for accounting and budget purposes. It is relevant in public administration as it establishes the timeframe for budget planning, execution, and evaluation.

A deficit occurs when a government's expenditures exceed its revenues during a fiscal year. It is relevant in public administration as it indicates the need to borrow funds or adjust fiscal policies.

A capital budget is the budget for spending on major physical assets such as infrastructure and buildings. Important in public administration for long-term investment and asset management.

Revenues refer to the income generated by the government, mostly from taxes and fees. In public administration, managing revenues is essential for funding government operations and programs.

Appropriation is the legislative act of allocating funds to various government departments, agencies, or programs. In public administration, it authorizes expenditure from the public treasury.

An operating budget covers the everyday expenses of running a government, including salaries and utilities. It is crucial in public administration for the continuity of government services and operations.

Tax expenditures are revenue losses attributable to tax provisions that allow special exclusions, exemptions, or deductions from gross income. They are important in public administration as they affect the amount of funding available for government priorities.