Report on the course English: The state budget презентация

Июль 28, 2021

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Report on the course English: The state budget

Содержание

2. A government budget is a government document presenting the government's proposed revenues and spending for a
4. Mainly composed of taxes - statutory payments that citizens and organizations are obliged to contribute to
5. Income Expenditure Ideally, costs and revenues should be in balance, but in practice it's different.
6. Excess of income over expenditure, called the budget surplus.
7. Excess expenditure over income, called the budget deficit.
8. The state should know in advance what revenues it will receive next year and what it
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A government budget is a government document presenting the government's proposed revenues and

spending for a financial year.

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Mainly composed of taxes - statutory payments that citizens and organizations are obliged

to contribute to the state (part of their income).
Education
Pensions and benefits
The science and culture
Army and the police
Security of nature
Healthcare

Income

Costs

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Income
Expenditure
Ideally, costs and revenues should be in balance, but in practice it's different.

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Excess of income over expenditure, called the budget surplus.

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Excess expenditure over income, called the budget deficit.

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The state should know in advance what revenues it will receive next year

and what it will be able to spend the funds received.
For this purpose state make the state budget.