Imagine the federal government has a national debt of $12. 6 trillion. Congress's budget for the coming year includes a spending projection of $5. 1 trillion. Tax revenue is expected to be $4. 8 billion. Which fiscal policy should congress adopt to avoid increasing the national debt? lower taxes. Increase funding. Decrease spending. No change is necessary.

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02-12-2022
Law

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Imagine the federal government has a national debt of $12. 6 trillion. Congress's budget for the coming year includes a spending projection of $5. 1 trillion. Tax revenue is expected to be $4. 8 billion. Which fiscal policy should congress adopt to avoid increasing the national debt? lower taxes. Increase funding. Decrease spending. No change is necessary.

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-12-05T09:57:18-05:00

Given that spending is anticipated to exceed tax revenue in the upcoming year, legislators should implement an austerity-based fiscal strategy to prevent the national debt from rising.

In order to achieve this, government spending would need to be decreased in order to match tax income. Making changes to government programs and services would undoubtedly be necessary, and doing so may be contentious and politically challenging.It would be vital, nevertheless, to prevent adding to the nation's already significant debt.There are a few measures Congress might take to stop the growth of the national debt. Spending might be reduced by $300 billion as one alternative. This might be accomplished by cutting the funding for each department and agency of government.

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