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Features of the Project of the U.S. Federal Budget for Fiscal Year 2022
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Features of the Project of the U.S. Federal Budget for Fiscal Year 2022
Annotation
PII
S268667300017217-8-
DOI
10.31857/S268667300017217-8
Publication type
Article
Status
Published
Authors
Svetlana Babich 
ORCID: 0000-0002-6433-6721
Affiliation: Institute for the U.S. and Canadian Studies, RAS
Address: Russian Federation, Moscow
Edition
Issue 11
Pages
5-21
Abstract

The article analyzes the aftermath of D Trump’s presidency based on his fiscal policy aimed at identifying challenges and threats which have made up the list of priorities and goals that J. Biden’s administration announced after his victory in the 2020. The author presents a wide-angle examination of the Federal Budget proposed by the new administration for the 2022 fiscal year while breaking down the structural changes of expenditures and incomes of the Federal Budget for the 10-year period. The author evaluates the significance of such programs as American Rescue Plan, American Jobs Plan and the American Families Plan aimed to restore the United States after the crisis caused by Covid-19 and to restore America’s influence and power.

Keywords
federal budget of the U.S. for fiscal year 2022, federal budget outlays, federal budget receipts, proposed budget by category, mandatory and discretionary spending, macroeconomic indicators, federal debt, budget deficit, coronavirus covid-19
Received
03.09.2021
Date of publication
11.11.2021
Number of purchasers
14
Views
1655
Readers community rating
0.0 (0 votes)
Previous versions
S268667300017217-8-1 Дата внесения правок в статью - 09.11.2021
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References

1. Presidential Executive Order on a Comprehensive Plan for Reorganizing the Executive Branch. The White House. Office of the Press Secretary.March 13, 2017. Available at: https://www.whitehouse.gov/the-press-office/2017/03/13/presidential-executive-order-comprehensive-plan-reorganizing-executive (accessed May 2021).

2. Fiscal Year 2022, Historical Tables, Budget of the U.S. Government, Office of Management and Budget budget.gov. Table 6.1(accessed August 2021).

3. Year 2022, Budget of the U.S. Government, Office of Management and Budget budget.gov. Confronting the Pandemic and Rescuing the Economy R.5-9 (accessed August 2021).

4. Budget of the U.S. Government for Fiscal Year 2022, Office of Management and Budget /budget.gov. Summary Tables. Table S-1, P.37, S-3 P.39, S-5 P.41 (accessed August 2021).

5. The American Presidency Project. Available at: https://www.presidency.ucsb.edu/statistics/data/voter-turnout-in-presidential-elections (accessed 26.08.2021).

6. Budget of the U.S. Government for Fiscal Year 2022, Office of Management and Budget /budget.gov. Summary Tables. Table S-10, P.61 (accessed July 2021).

7. Congressional Budget Office. "Repealing the Individual Health Insurance Mandate: An Updated Estimate." Available at: https://www.cbo.gov/publication/53300 (accessed August 8, 2021).

8. Budget of the U.S. Government for Fiscal Year 2022, Office of Management and Budget /budget.gov. Summary Tables. Table S-3, P.39, Table S-5, P.41 (accessed August 2021).

9. Congressional Budget Office: ‘Repealing the Individual Health Insurance Mandate: An Updated Estimate." Available at: https://www.cbo.gov/publication/53300 (accessed 8.08.2021).

10. Babich S.N. Vliyanie nalogovo-byudzhetnoj politiki administratsii D. Trampa v 2018–2021 fin. gg. na sotsial'no-ehkonomicheskuyu bezopasnost' strany // Rossiya i Amerika v XXI veke. – 2020. – Vyp. № 4. DOI: 10.18254/S207054760013370-4

11. Niskanen William A. (1988) Reaganomics. The Concise Encyclopedia of Economics/ Library of Economics and Liberty (econlib.org)

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