PAP 1301 Lecture Notes - Lecture 12: Minority Government, Monetary Policy, Regional Development Agency
17 Jul 2014
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Document Summary
Understanding budgets debates about how to allocate resources (what most of our elections: budgets most important part of public sector, budget making essentially about politics i. revolve around) i. be i. programs if needed. Revenues are what politicans needs to caarry out daily activities and new. Revenue: taxation, how to we get money to put on new and existing i. programs. Other forms: services charges, user fees, make money at borders, Institutional goals and i. financial requirements being set ii. Monetary policy: supply of money within economy: revenue and expenditures have their own processes but are related, can"t have one without the other. Revenue gets most attention because of taxes: expenditure: officials form every agency in the department, all officials have to show what institutional goals are and state their finanacial requirements. Not easy: fights break out between guardiand agencies (finance and tb)
