https://www.jstor.org/stable/pdf/27861685.pdf?refreqid=excelsior%3A4da20055d26d1d6d037160959d9a306d&ab_segments=&origin=

http://www.legvi.org/CommitteeMeetings/Committe%20on%20Finance/Budget%20Hearings/Fiscal%20Year%202022%20Budget%20Hearings/06-03-21%20BUDGET%20OVERVIEW/Budget%20Overview%20Testimony_FY2022_23%20-%20REVISED.pdf

Please read both articles then answer the following questions

1.What has been the chief focus of revenue generation over time ---Federal funds or taxes from businesses and individuals

2. Tax revenues grow faster or slower than government expenditures or time? What does it take to grow the major revenue categories (personal income, corporate, gross tax receipts, excise, real property).

3. Does it seem much changed from the time of study of SB Jones-Hendricks (1940-1975) compared to the focus of the early presentations in the FY2022 Budget presentation to the Legislature?

4. Does the Virgin Islands have a sound and fiscally responsible stance?

5. Should the VI worry about deficits?

6. Should the VI worry about public debt accumulation (currently $1.7 billion).

7. Do you think the VI suffers more from cyclical or structural deficits?