POLS 2250 Chapter Notes - Chapter 19: Fiscal Year
10 Feb 2014
School
Department
Course
Professor
Document Summary
Integral to the management of financial resources in government is the preparation of the budget. Establishes priorities and sets out major plans for provisions of services to citizenry of country. Budgets must address three factors, first is the setting of macroeconomic policy or at least that which is influenced by fiscal insturments, level of aggregate revenue, expenditure, surplus, deficit. Tax provisions are frequently used not just to raise revenue but also refrain from doing certain things. Third objective is simply raising resources needed to fund expenditures. Revenue budget is presented as a part of the minsiter"s budget speech. There is no set format for this speech. A review of economic conditions and problems based on information from a paper tabled a few days earlier (or at the same time as the budget) Minister"s budget speech is comprised of 4 elements. A review of economic conditions and problems based on information from a paper tabled a few days earlier.
