The report also supports the government's plan to cut its annual budget deficit this year. relied on spending cuts to reduce the deficit, adding that it should be seen as part of further measures. Earlier this year, the average five-year Treasury note paid 1.67 percentage points, compared with 2.02 percent today. Historically, the concept of income has first appeared in economics. Adam Smith, in the wealth of nations, defined income as "the amount of consumption that is not eroded by capital", and saw it as an increase in wealth. Later, most economists inherited and developed this view. 1890, ai (Alfred Marshall Maarshell) in its "the principles of economics," the Adam Smith's "wealth increase" enterprise, introduced the concept of earnings, is proposed to distinguish the entity capital and value-added benefits of economic benefits.