Lebedeva L.F.Institute for the U.S. and Canadian Studies RAS, Moscow, Russian Federation Liudran@mail.ru ORCID id: not available
Subject This paper examines the changes in the US social programs financing after 2016 President election, importance and consequences of these programs for low-income households. Objectives The paper aims to study the role and position of social programs in the US Federal budget, their importance for different population groups and possible consequences of social costs reduction. Methods The research uses a comparative analysis, economic-statistical and logical methods, and the systems approach. Results The paper assesses the changes in social program budget financing for the next few years according to the US Federal budget. It shows the shifts in the budget funds expenditure according to the new budget priorities. It also reveals possible consequences of the changes for different population groups. Conclusions and Relevance The paper talks of the reduction in financing of several government welfare programs. Reductions will affect most of low-income population and can contribute to intensification of the American society inequality. As for Russia, the research shows the key role of the government in social programs funding, their optimization, establishment of State guarantees higher than the subsistence level.
Keywords: social program, welfare, USA, government
References:
Sevost'yanov G.N. Istoriya SShA v chetyrekh tomakh [History of the USA in four volumes]. Moscow, Nauka Publ., 1985, vol. 3, 290 p.
Sevost'yanov G.N. Istoriya SShA v chetyrekh tomakh [History of the USA in four volumes]. Moscow, Nauka Publ., 1985, vol. 2, 600 p.
Lebedeva L.F. SShA: gosudarstvo i sotsial'naya politika [USA: The State and social policy]. Moscow, Nauka Publ., 2007, 271 p.
Igonina L.L. [Budgetary and fiscal decentralization as part of public finance management]. Daidzhest-Finansy = Digest Finance, 2016, vol. 21, iss. 1, pp. 2–13. URL: Link (In Russ.)
Petrovskaya N.E. [Employment at the U.S.-based enterprises of foreign companies]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 7, pp. 1307–1316. (In Russ.) URL: Link
Petrovskaya N.E. [The role of small business in employment: Evidence from the USA]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2017, vol. 10, iss. 3, pp. 343–356. (In Russ.) URL: Link
Shapiro I., Kogan R., Cho Ch. Trump Budget Gets Three-Fifths of Its Cuts from Programs for Low- and Moderate-Income People. Washington, Center on Budget and Policy Priorities, May 30, 2017. URL: Link
Press Briefing on the FY 2018 Budget. Washington, 2017. URL: Link
Public Law 111-5 – American Recovery and Reinvestment Act of 2009 of 02/17/2009. URL: Link
Lebedeva L.F. et al. Federal'nyi byudzhet SShA v period prezidentstva Baraka Obamy [US Federal Budget During the Barack Obama Presidency]. Moscow, Ves' mir Publ., 2016, 96 p.
Emel'yanov S.V., Petrovskaya N.E. [Management of regional retirement systems in the USA]. Daidzhest-Finansy = Digest Finance, 2017, vol. 22, iss. 1, pp. 94–106. (In Russ.) URL: Link
Lebedeva L.F. [Pension security strategies: American choice]. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2016, vol. 60, no. 8, pp. 44–52. (In Russ.) URL: Link
Igonina L.L. [On functions of the national financial system]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2017, vol. 10, iss. 10, pp. 1188–1202. (In Russ.) URL: Link
Romig K., Sherman A. Social Security Keeps 22 Million Americans out of Poverty: A State-by-State Analysis. Washington, Center on Budget and Policy Priorities, 2016, pp. 6–7.
Galbraith J.K. The End of Normal: The Great Crisis and the Future of Growth. New York, Free Press, 2015, 291 p.
Temporary Assistance for Needy Families. Annual Report to Congress. Washington, 2012. URL: Link
Irving Sh.K., Tracy A. Participation in Government Programs, 2009–2012: Who Gets Assistance? Household Economic Studies, 2015.
Fox L. The Supplemental Poverty Measure. Washington, Bureau Census, 2017.
Floyd I., Pavetti L., Schott L. TANF Reaching Few Poor Families. Washington, Center on Budget and Policy Priorities, 2017. URL: Link
Lebedeva L.F. et al. Gosudarstvo i biznes: strategiya vzaimodeistviya v ekonomike XXI v. [The State and business: Strategy of economic interaction]. Moscow, ISKRAN Publ., 2012, 139 p.
Sheffield R., Rector R. Five Myths about Welfare and Child Poverty. Washington, Heritage Foundation, 2016. URL: Link
Mgeryan M.A. [Classification of households' financial risks]. Daidzhest-Finansy = Digest Finance, 2016, vol. 21, iss. 3, pp. 49–60. URL: Link
Jones J.M. Worry about Hunger, Homelessness Up for Lower-Income in U.S., 2017. Link
Kulagina E.V. [Social policy for disability in welfare States and Russia: Transition to independent life and inclusion]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2017, vol. 13, iss. 10, pp. 1944–1971. URL: Link
