How does the brand new Income Defense System change the federal earnings and you will equipment account (NIPAs)? The latest Income Coverage Program (PPP) brings forgivable loans to simply help small enterprises and you may nonprofit establishments impacted by the COVID-19 pandemic and you can recession generate payroll and you can defense almost every other expenditures. The program was authorized initially by Coronavirus Aid, Rescue and you will Monetary Safeguards Operate (CARES) out-of 2020, altered from the next guidelines, and you can reauthorized of the Coronavirus Impulse and you will Recovery Supplemental Appropriations Operate of 2021. step 1 The brand new finance are given from the finance companies or any other financing establishments. Government entities pays the new…