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What is the term national budget mean?
National Budget is tye total of all monies that a government can spend on its departments.
What is the financial plan for government called?
national budget
What is the relationship between the budget deficit and the national debt?
The budget deficit is the amount by which government spending exceeds revenue in a given year. The national debt is the total amount of money the government owes. The budget deficit contributes to the national debt when the government borrows money to cover the shortfall.
What government department prepares the national budget?
fiance department
When the government runs a budget deficit it increases the what?
national debt
How is Philippine national budget 2008 appropriated?
The Philippine National Budget for 2008 was appropriated by the Philippine legislature. It was allocated to various government agencies and funds, as well as government programs, projects, and activities.
What is The largest portion of the federal government budget is spent on?
The largest portion of the federal government's budget is spent on national defense. The defense of the nation is very important because it is what spurs national growth.
Can the US government limit the national debt?
It can, by rational budget spending
What is money paid to the government called?
The national debt.
How can national debt be elimined?
By balancing the budget. This can be done by increasing government income (raising taxes) and decreasing government expenditure.
The largest allocation in the federal budget goes to?
The largest portion of the federal government's budget is spent on national defense. The defense of the nation is very important because it is what spurs national growth.
Does government budget deficit reduce public or national savings?
Government deficit reduces public savings (=saving of the government). Yet, the government can decide to finance the deficit by private savings (bonds, credit, etc). In this case, a part of national savings can be used to finance the gov. budget deficit. But this is not by definition, it is the action of the govenment.
