Economics Part B

Table of Contents

State budget

A report prepared by the Ministry of Finance detailing the expected income and the government expenditure permitted for the coming year.

The state budget consists of the regular budget and the development budget.

The regular budget is the main part of the report. It includes ongoing income and expenditure (such as: income from taxes, salary expenses for government employees, transfer payments).

The development budget includes income and expenditure relating to investments (for example: on the expenses side – expenditure on infrastructure development (railroads, roads, water purification installations etc.), and on the income side – local and foreign loans).