Difference between revisions of "Budget"

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1.
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1. ''Planning.''
  
 
Any plan expressed in monetary terms.
 
Any plan expressed in monetary terms.
  
  
2.
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2. ''Taxation.''
  
 
The level of taxation minus government spending.  
 
The level of taxation minus government spending.  
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3.'' UK.''
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3.'' Taxation - UK.''
  
 
A formal statement - normally made annually - by the UK Chancellor of the Exchequer setting out the government's taxation proposals for the next fiscal year.
 
A formal statement - normally made annually - by the UK Chancellor of the Exchequer setting out the government's taxation proposals for the next fiscal year.
  
  
4.
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4. ''Government taxation - all jurisdictions.''
  
 
Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.
 
Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.

Revision as of 14:10, 25 March 2021

1. Planning.

Any plan expressed in monetary terms.


2. Taxation.

The level of taxation minus government spending.

A budget surplus is where taxation exceeds government spending.

A budget deficit is where government spending exceeds taxation.


3. Taxation - UK.

A formal statement - normally made annually - by the UK Chancellor of the Exchequer setting out the government's taxation proposals for the next fiscal year.


4. Government taxation - all jurisdictions.

Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.


See also