Components of public finance
Money owed by any level of government
Government debt
Effective public financial management results in
economic development
The main source of revenue for the government
Taxes (Taxation)
Investing in infrastructure projects can create more ... for people
Jobs
Russia ran a budget ... from 2001 to 2008
surplus
This statement outlines the activities on what the government intends to spend
Budget
Progressive taxation can reduce income ...
Inequality
The federal budget is considered by the State Duma in ... readings
3
When the government spends more than it collects
Deficit
Fiscal policy can manage aggregate ... and ...
demand and supply
No later than ... , the Russian government prepares and introduces a draft federal budget for the next fiscal year to the State Duma
October 1
What are the 4 areas of public finance?
public revenue
public expenditure
public debt
financial administration
One of the most pivotal works of this economist is "Canons of Taxation"
Adam Smith
he parliamentary body of financial control in the Russian Federation
the Accounts Chamber of the Russian Federation