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Questions and Answers
What are the main components of government revenues?
What are the main components of government revenues?
- Investment income
- Taxes, such as income tax and corporation tax (correct)
- Foreign aid and assistance
- Donations and grants
What does a government budget project?
What does a government budget project?
- Government's historical financial data
- Government revenues and expenditure for a specific period (correct)
- Government's political priorities
- Government's international trade agreements
What is the purpose of a government budget in most parliamentary systems?
What is the purpose of a government budget in most parliamentary systems?
- To be revised on a monthly basis
- To be implemented without legislative oversight
- To be controlled by government ministries only
- To be presented to the legislature and require approval (correct)
What happens once the government budget is approved?
What happens once the government budget is approved?
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What are the main components of government expenditures?
What are the main components of government expenditures?
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