Report on the course English: The state budget презентация

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A government budget is a government document presenting the government's

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

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.

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.

Excess of income over expenditure, called the budget surplus.

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Excess expenditure over income, called the budget deficit.

Excess expenditure over income, called the budget deficit.

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The state should know in advance what revenues it will

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.
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