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The balance of a government's tax revenues, plus any proceeds from asset sales, minus government spending. If the balance is positive the government has a fiscal surplus, if negative a fiscal deficit.
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Explain what meant by balance of payment constraint refering to the sa?
In a small open economy such as South Africa which is dependent on imported capital and intermediate goods the balance of payments is an important consideration and should be view as a constraint rather than a policy. In other words should there be a balance of payment deficit policy has to be geared to the elimination of this deficit. Authorities generally use restrictive monetary and fiscal policies to do this. These affect the level of growth and income which in turn lowers the demand for imports. Therefore the scope of any expansionary fiscal and monetary policies are limited by the balance of payments considerations. (ie the balance of payments is a constraining factor)
What is fiscal consolidation?
Fiscal consolidation is a policy aiming at reducing fiscal deficit of government .
Fiscal policies deal with?
Fiscal policies deal with finances usually budgets.
Features and effectiveness of fiscal policy?
features of fiscal
What is non monetised deficit?
Counteracts the inflationary effect of the deficit in the operation balance
What type of account is Unearned revenue and what its normal balance?
Unearned revenue is a liability account. It is revenue that is received in one fiscal period despite the fact that revenue is not earned until another fiscal period. Its normal balance is credit.
Where is inventory on a balance sheet?
Inventory is normally used within one fiscal year that is why it is current asset of business and shown in asset side of balance sheet.
Is the cash on the year end financial statement calculated by the bank statement balance or on actual cash in the bank on the last day of the fiscal year?
Balance Statement
Does inventory go on a balance sheet?
Yes inventory is part of current assets portion of balance sheet as it is usable in current fiscal year for revenue generation.
Why is balance sheet for 2 years?
Balance sheet is used normally for 2 years for comparison to find out the performance of company between 2 fiscal years.
Inventory on a classified balance sheet?
Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
Transaction for land on the balance sheet?
Land is show in balance sheet under long term assets as it is usable by business for more than one fiscal year.
What is inventory on the balance sheet?
Inventory is that amount which is used in current fiscal year for production of goods to revenue generation.
What has the author Terry W Johnson written?
Terry W. Johnson has written: 'Fiscal 1994 general fund and school equalization account fund balance information' -- subject(s): Tax collection 'Fiscal 1991 general fund and state equalization account balance fund balance' -- subject(s): Tax revenue estimating, Estimates, Budget
The ending account balance of permanent accounts for one fiscal period are the beginning account balances for the next fiscal period?
th ending account balances of permanent accounts for one fisical period?
Is Motor Vehicles shown on a balance sheet?
If motor vehicles own by company and are usable for more than one fiscal year then these are fixed assets and shown in balance sheet
Why is it difficult to balance fiscal policy?
Fiscal policies are used by the government to help manage the economy. A balanced fiscal policy means the same level of expenditure vs. revenue. So if there is more money, it means more expenses. This can seriously affect regular individuals as well as small and large businesses.
