Answer:
The correct answers are: one third; two thirds.
Explanation:
The term "tax reduction" may seem a bit confusing, because it is a broad term that covers a wide range of situations that result in a lower amount of the tax collected by the government. The only thing that all tax cuts have in common is that they modify a pre-existing tax law or implement a new one that effectively reduces the amount of taxes you have to pay.
Public spending is that made by the public sector in a given period. It includes all fiscal expenditure, plus all expenses of fiscal and semi-fiscal companies with autonomous administration of the central government. Public spending goes to public consumption goods and capital goods, public investment.