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Federal credit : concepts, budgetary treatment, and reform proposals / Ethan A. Kelly, editor.
- Format:
- Book
- Series:
- Money, economics, and finance : developments, analyses and research
- Language:
- English
- Subjects (All):
- Loans--Government guaranty.
- Loans.
- Government insurance--United States.
- Government insurance.
- Budget--United States.
- Budget.
- Credit--United States.
- Credit.
- Credit control--United States.
- Credit control.
- Government lending.
- Physical Description:
- 1 online resource (98 pages)
- Place of Publication:
- New York : Novinka, [2013]
- Summary:
- The U.S. government uses federal credit (direct loans and loan guarantees) to allocate capital to a range of areas including home ownership, student loans, small business, agriculture, and energy. A direct loan is "a disbursement of funds by the government to a nonfederal borrower under a contract that requires the repayment of such funds with or without interest." A loan guarantee is "a pledge with respect to the payment of all or part of the principal or interest on any debt obligation of a non-federal borrower to a non-federal lender." At the end of FY2011, outstanding federal direct loans totaled $838 billion and outstanding guaranteed loans totaled $2,017 billion. This book describes the concepts, budgetary treatment and reform proposals of federal credit.
- Notes:
- Includes index.
- Description based on online resource; title from PDF title page (ebrary, viewed December 6, 2016).
- ISBN:
- 1-62417-554-6
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