Explore BrainMass
Share

Public Budgeting and Government Policies

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

How do current government policies affect your state's budget? What are the positive and negative effects? Provide examples.

© BrainMass Inc. brainmass.com October 25, 2018, 7:17 am ad1c9bdddf
https://brainmass.com/economics/government-policies/public-budgeting-and-government-policies-498214

Solution Preview

In this response, we will discuss the effects of current government policies on the state's budget, as these budgets are very sensitive to government policies. We will also discuss the positive and negative impacts of these policies on the budget. The scenario of two states, New York and New Jersey, will be further explained in this context.

Every state in the country depends on the financial aid provided by the federal government for development. Since recession has knocked the door and the federal government has suffered the deficit, i.e. the gap between tax and property revenues is widening, the Feds has adopted the policy of cost-cutting and has also reduced the financial aid to states in order to minimize the deficit.

The new policy of the federal government is to reduce the aid to states for Medicaid funding that also helps in cutting down the financial assistance provided for other variety of services. Yet, this will not ...

Solution Summary

Detailed response to the query with references. In this response, we will discuss the effects of current government policies on the state's budget, as these budgets are very sensitive to government policies. We will also discuss the positive and negative impacts of these policies on the budget. The scenario of two states, New York and New Jersey, will be further explained in this context.

$2.19
See Also This Related BrainMass Solution

Local Government Public Policy

? Virginia or Texas Local Government
1,600 word paper assessing that government's financial health.
Describe the government's capital project, general, and proprietary funds.
Analyze the budget.

What are the main revenue sources?
Describe the budgetary levels. Are items budgeted at the department level, program level, or another level?
Describe the long- and short-range spending plans.
Explain how public policy translates into the government's and long- and short-range spending plans.

APA

View Full Posting Details