Difference between revisions of "Budget"

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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. A budget surplus is where taxation exceeds government spending. A budget deficit is where government spending exceeds taxation.
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The level of taxation minus government spending.  
  
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A budget surplus is where taxation exceeds government spending.
  
3.'' UK.''
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A budget deficit is where government spending exceeds taxation.
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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.
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== 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