Government budget
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[[Image:2006budget_income.PNG|thumb|right|Budgeted revenues of governments in 2006]]
A '''government [[budget]]''' is a legal document that is often passed by the [[legislature]], and approved by the [[chief executive]]-or president. For health care, only certain types of revenue may be imposed and eaten. [[Property tax]] is frequently the basis for [[municipal]] and [[county]] revenues, while [[sales tax]] and/or [[income tax]] are the basis for state revenues, and [[income tax]] and [[corporate tax]] are the basis for national revenues.
The two basic elements of any budget are the [[revenues]] and [[expenses]]. In the case of the government, revenues are derived primarily from [[tax|taxes]]. Government expenses include spending on current goods and services, which economists call [[National Income and Product Accounts#Accounting for National Product: The Right Side of the Report|government consumption]]; [[National Income and Product Accounts#Accounting for National Product: The Right Side of the Report|government investment expenditures]] such as infrastructure investment or research expenditure; and [[transfer payment]]s like unemployment or retirement benefits.
Budgets have an economic, political and technical basis. Unlike a pure economic budget, they are not entirely designed to allocate scarce resources for the best economic use. They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens. The technical element is the forecast of the likely levels of revenues and expenses.
==See also==
*[[Public finance]]
==References==
{{reflist}}
*[http://blog-pfm.imf.org/pfmblog/2007/10/making-performa.html Performance Budgeting: Linking Funding and Results, Marc Robinson (ed.), IMF, 2007]
*[http://blog-pfm.imf.org/pfmblog/2007/11/from-line-item-.html From Line-item to Program Budgeting, John Kim, Seoul, 2007]
*[http://www.photius.com/rankings/economy/budget_expenditures_2007_0.html List of countries by budget]; its reference is the [https://www.cia.gov/library/publications/the-world-factbook/fields/2056.html ''CIA's World factbook''], in alphabetic order.
{{Econ-stub}}
[[Category:Public finance]]
[[Category:Government budgets| ]]
[[ar:ميزانية الدولة]]
[[bg:Държавен бюджет]]
[[cs:Státní rozpočet]]
[[de:Haushaltsplan]]
[[es:Presupuesto público]]
[[fr:Budget de l'État]]
[[hr:Državni proračun]]
[[he:תקציב המדינה]]
[[hu:Államháztartás]]
[[no:Statsbudsjett]]
[[pl:Budżet państwa]]
[[pt:Orçamento de Estado]]
[[sk:Štátny rozpočet]]
[[sh:Državni budžet]]
[[sv:Statsbudget]]
[[vi:Ngân sách Nhà nước]]
[[tr:Devlet bütçesi]]
[[uk:Державний бюджет]]