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Budget Simulation - Assignment Example

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State’s acquisition of services and products with the aim of usage in direct satisfaction of individuals or other collective needs of community members is…
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Budget Simulation

Download file to see previous pages... Mandatory spending incorporate all authorized spending by any State’s legislation (parliament) while discretionary spending includes all others government expenditures that results from the emerging issues such as inflations among others. Mandatory spending includes Medicare, Security, Retirement programs, Employees welfare, military spending, and any other expenditure that ensures sustainability of the government and its undertakings (Mitchell, 2009).
Social security, military spending, aids to low income earners and justice administration are the key sectors that I recommend for extra spending. This is because insecurity cases both locally and internationally have increased have become of concern. Terrorism has become a day to day issue and this call for adequacy in regard to security. There is also a notable difference in wealth distribution; the gap between the poor and the rich is widening daily as a result, the current dynamism in the economy. The government should add the number of free and subsidized facilities offered to individuals living below the poverty line. In addition to that, State to have steady growth and development, justice must prevail. The government should add spending in this sector to hasten the speed of justice. In the recent years, there have been cases of slow judgments and this makes some individuals lose interest and drop their cases. In my own opinion, the top three sectors to be offered attention are military spending, low income-earners aids, and social security. If this are met, we can all get to another level of fairness and sustainable overall growth and development (Mitchell, 2009).
The federal government could reduce the deficit be reducing some expenditures such as expenditure on Afghanistan and Iraq. They have been a priority in the government spending for the last years and most of the objectives have been accomplished. Such funds should be channeled to poor families’ welfare associations. Government spending should ...Download file to see next pagesRead More
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