modern conservatives in the 1980s wanted to reduce soviet communism in latin america, africa and worldwide in government outlays.
what did modern conservatives in the 1980s want to reduce in government outlays?
soviet communism in latin america, africa and worldwide
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bullet::::- government balance (all levels, e.g., federal, state and local in the u.s.): a surplus balance represents a government collecting more tax revenue than it pays in outlays, building its net financial asset position. this would mean the government is a net saver, removing funds from the private sector. a deficit balance means government outlays are greater than tax revenue and it is reducing its net financial asset position (i.e., increasing its debt position), providing funds to the private sector. another interpretation is that a government surplus reduces private sector financial assets, while a government deficit increases private sector financial assets. the u.s. government at all levels ran a 3.8% gdp deficit in 2018.
sectoral balances