Difference between revisions of "Budget"

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#Any plan expressed in monetary terms.
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1. ''Planning.''
#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.
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#'' 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.
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Any plan expressed in monetary terms.
#Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.
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 +
 
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2. ''Taxation.''
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 +
The level of taxation minus government spending.  
 +
 
 +
A budget surplus is where taxation exceeds government spending.  
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 +
A budget deficit is where government spending exceeds taxation.
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 +
 
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3.'' Taxation - UK.''
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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.
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4. ''Government taxation - all jurisdictions.''
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Similar formal statements made by the finance ministers of other governments, or by the responsible officers of other organisations.
  
  
 
== See also ==
 
== See also ==
 
* [[Finance Act]]
 
* [[Finance Act]]
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* [[Forecast]]
 
* [[Fiscal year]]
 
* [[Fiscal year]]
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* [[Office for Budget Responsibility]]
 
* [[Risk budget]]
 
* [[Risk budget]]
 
* [[Variance analysis]]
 
* [[Variance analysis]]

Latest revision as of 15:42, 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