The USA Federal Debt-to-GDP Ratio and The Unified Budget Act’s Lack of Generally Accepted Accounting Principles

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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)