I. 🍃Introduction
- Brief overview of the topic
- Thesis statement

II. Advantages of Lower Government Spending
- Lower inflation and demand-pull inflation
- Reduction in spending on imports and improvement in the current account position
- Encouragement of the incentive to work and reduction in unemployment
- Possibility of cutting taxes and increasing the incentive to invest
- Growth of the private sector through the release of resources

III. Disadvantages of Lower Government Spending
- Possibility of cyclical unemployment due to reduced total demand
- Reduction in the quality, skills, and productivity of the labor force due to cuts in education spending, leading to structural unemployment
- Worsening of the current account position and cost-push inflation due to cuts in subsidies to infant industries
- Lowering of living standards, increase in poverty due to cuts in education and healthcare spending

IV. 👉Conclusion
- Summary of the advantages and disadvantages of lower government spending
- Restatement of thesis
- Final thoughts and recommendations.