Government Budget
|
A government budget is a legal document that is often passed by the legislature, and approved by the chief executive-or president. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for municipal and county revenues, while sales tax and/or income tax are the basis for state revenues, and income tax and corporate tax are the basis for national revenues. The two basic elements of any budget are the revenues and expenses. In the case of the government, revenues are derived primarily from taxes. Government expenses include spending on current goods and services, which economists call government consumption; government investment expenditures such as infrastructure investment or research expenditure; and transfer payments like unemployment or retirement benefits. Budgets have an economic, political and technical basis. Unlike a pure economic budget, they are not entirely designed to allocate scarce resources for the best economic use. They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens. The technical element is the forecast of the likely levels of revenues and expenses. National Budget - this is when a country finds out what the government's expected income and expenditure will be for that year. From Wikipedia under the
GNU Free Documentation License Matching Results for Government Budget:Brian Cowen" Government comes under further Budget pressure". The Irish Times. 10 October 2008. Retrieved on 2010-06-12. a "Miriam Lord's Week". The Irish Times. ... Clement Attlee Jun 9, 2010 ... Mr. Chamberlain' ;s Budget was the natural expression of the character of the present Government . There was hardly any increase allowed for ... Gordon Brown Jan 7, 2011 ... Hansard, 6 ser, vol 308 col 111 (17 March 1998); From the 1998 Budget speech. Under this Government , Britain will not return to the boom and ... From Wikiquote under the
GNU Free Documentation License |
Regional: North America: United States ... Office of Management and Budget (3) Office of Science and Technology Policy (3) ... White House news and policies, White House history, and the federal government. Business: Energy: Utilities: Software USTI - Utility, Public Sector and Local Government billing system ... GIS systems designed to provide strategic asset decision-support and budget ... Science: Technology: Military Science ... including coverage across the services and with reference to major Government agencies ... to do business with them, news releases on the latest gee-whiz technology, budget ...
|