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Title The USA Federal Debt-to-GDP Ratio and The Unified Budget Act’s Lack of Generally Accepted Accounting Principles
Authors Gentle, P.F.
ORCID
Keywords співвідношення боргу США до ВВП
отношение долга США к ВВП
United States Debt-to-GDP ratio
закон о едином бюджете
закон про єдиний бюджет
unified budget act
соціальна безпека
социальное обеспечение
social security
Type Article
Date of Issue 2021
URI https://essuir.sumdu.edu.ua/handle/123456789/86092
Publisher Sumy State University
License Creative Commons Attribution 4.0 International License
Citation Gentle, P.F. (2021). The USA Federal Debt-to-GDP Ratio and The Unified Budget Act’s Lack of Generally Accepted Accounting Principles. SocioEconomic Challenges, 5(2), 49-57. https://doi.org/10.21272/sec.5(2).49-57.2021
Abstract Here in the beginning of 2021, two of the truly relevant federal public finance issues are presented in this article. One is the Debt-to GDP Ratio. The second topic is the true nature of deficits, surpluses and future liabilities treated in budgets constructed via the Unified Budget Act. Two graphs on these issues are included. This article shows that the present Debt-to-GDP ratio is relatively high, as if the nation similar to when the United States was in a period of a major war.
Appears in Collections: SocioEconomic Challenges (SEC)

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