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If you obligated funds in the prior year from 1 Oct to 15 Jan for $16B, what is the available obligation under a CR for that time period?

User Corneliu
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Final answer:

The student's question is related to budgeting under a Continuing Resolution, where specific constraints on budget obligations are considered. For the government debt question, if a government runs a deficit for ten years, then a surplus for five years, followed by a balanced budget, the total debt would be the accumulated deficit minus the surplus, equalling $95 billion.

Step-by-step explanation:

The student's question seems to be referring to the available budget under a Continuing Resolution (CR) based on expenditures made in the previous fiscal year. In the context provided by the other information referring to government budgets and deficits, we can conclude that this is about calculating budget availability under specific constraints.

However, without more context about the rates of apportionment or the specific terms of the CR, it's challenging to provide a concrete number for available obligations under the CR for that time period. In budgeting and finance, a CR typically allows the government to continue operations at the previous fiscal year's spending levels until new appropriations are made.

To answer the last provided question about government debt, one would calculate the total debt accumulated over the specified time periods. For ten years, the government runs a yearly deficit of $10 billion, accumulating $100 billion in debt. If it then runs a surplus of $1 billion for five years, it reduces the debt by $5 billion. With a balanced budget for the next ten years, no additional debt is incurred. The total government debt after this period would be the difference between the accumulated deficit and the surplus, which equals $95 billion.

User JGurtz
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