Governmental budgetary plans typically focus on allocating financial resources to various areas such as infrastructure development, public services, education, healthcare, defense, social welfare programs, and other essential government functions. While infrastructure development may include building projects such as roads, bridges, schools, hospitals, or government office buildings, the specific mention of "Modern building apartment" suggests a focus on residential housing that is typically outside the scope of governmental budgetary plans.
The supply-side fiscal policy reduces taxes, while the Keynesian fiscal policy increases federal spending.
Supply-side fiscal policy focuses on stimulating economic growth by reducing taxes, particularly on businesses and individuals. The rationale behind this policy is that lower tax rates will incentivize increased investment, production, and consumption, ultimately leading to economic expansion. The goal of supply-side fiscal policy is to improve the supply side of the economy and boost productivity.
On the other hand, Keynesian fiscal policy, named after economist John Maynard Keynes, emphasizes the role of government spending in stimulating economic activity. In times of economic downturn or recession, Keynesian fiscal policy suggests increasing government spending to stimulate demand and boost overall economic output. By injecting money into the economy through government spending, Keynesian fiscal policy aims to increase consumer and business spending, leading to increased employment and economic growth.
