Budget: Difference between revisions
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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 == | == See also == | ||
* [[Finance Act]] | * [[Finance Act]] | ||
* [[Forecast]] | |||
* [[Fiscal year]] | * [[Fiscal year]] | ||
* [[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.
