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When a government decides to spend more than it collects in tax revenue?
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Why does the governent charge taxes?
To collect revenue and to spend the money for development activities
Where do your taxes go to?
The taxes go to the government for them to spend.
What is a budget called when you spend no more than you have?
The Federal Government's Budget.
Why is Net Income on bottom line of Profit and Loss statement negative?
Negative net income means that business has spend more and earn less in other words it is said that business has incurred more cost to earn less revenue in a fiscal year.
When does the government spend more money than it takes in from taxes and other sources in a fiscal year?
budget deficit
How does the government spend most of its revenue?
well basically..... YOUR MUM
How does the government spend its revenue?
Sex with your mother, education, and NHS
What is the money governmetn can decide how to spend?
Discretionary funds is the money the government can decide how to spend.
When would the government step in and spend more Revenue and or lower taxes to stimulate demand?
They would do this when the economy is weak.
When would the government step in and spend more revenue and lower taxes to stimulate demand?
They would do this when the economy is weak.
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
Who decides how much money the US government will spend each year a. the president b. congress c. the supreme court?
b
Why would a government choose to spend more money than it collects in taxes during a recession or a depression?
Spending increases demand and can encourage economic growth.
How much income tax revenue do the Australian government spend on supporting aged care?
In 2006‑07 the Federal Government spent $48 billion on health and aged care.
How does tourism earn revenue?
When tourists come, they spend money. The buisnesses that they spent money at earn revenue and they spend money witch helps stimulate the local economy. Also, they have to pay taxes on everything, and that generates revenue for the state. When tourists come, they spend money. The buisnesses that they spent money at earn revenue and they spend money witch helps stimulate the local economy. Also, they have to pay taxes on everything, and that generates revenue for the state.
How does the government benefits when theres good economy?
When the economy is good, most people have jobs and an income, so (1) they have money to spend and the government collects taxes on sales transaction; and (2) fewer people are applying for unemployment or welfare.
What is sales tax spent on?
Whatever the state legislature decides to spend it on.
