Proponents of deficit reduction argue that governments who do not control budget deficits and debt are at risk of losing their ability to borrow money at affordable rates. Opponents of deficit reduction argue that government spending would increase demand for goods and services and help avert a dangerous fall into deflation, a downward spiral in wages and prices that can cripple an economy for years.
50% Yes |
50% No |
47% Yes |
36% No |
2% Yes, but by drastically reducing the benefits and salaries of government officials |
7% No, focus on ending tax evasion instead |
1% Yes, and increase taxes |
3% No, increase taxes on the wealthy instead |
0% Yes, and eliminate federal agencies that are unconstitutional |
2% No, reduce the number of government officials instead |
1% No, increase taxes on large multinational corporations instead |
|
1% No, cuts to public spending will negatively affect the economy |
|
0% No, reduce military spending instead |
See how support for each position on “Government Spending” has changed over time for 15.4k South Korea voters.
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See how importance of “Government Spending” has changed over time for 15.4k South Korea voters.
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Unique answers from South Korea users whose views extended beyond the provided choices.
Stay up-to-date on the most recent “Government Spending” news articles, updated frequently.
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Germany froze public spending for the rest of the year after a court declared the government’s spending plans unconstitutional, dealing a blow to Europe’s recovery and efforts to beef up its defenses and reduce carbon emissions.The court decision is likely to widen the economic speed gap between Europe, whose economy has stagnated for over a year, and the U.S., which grew at an annualized 5% in the three months through September, turbocharged by massive fiscal stimulus. Berlin’s decision to freeze all federal spending for the rest of the year came after the court defunded the government’s 60 billion euro—the equivalent of more than $65 billion—green-transition project. The court said Berlin couldn’t repurpose unspent credits originally earmarked to tackle the Covid-19 pandemic to fund environmental and energy projects. It said Berlin was bound by the country’s constitutionally enshrined fiscal rules that limit budget deficits to 0.35% of gross domestic product in normal times.
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