What is the definition of a budget deficit?Resource Allocation:Resource allocation is a vital element of economics as it is associated with the efficient use of resources like finance, labor, technology, land, and other economic factors to produce the final output without wasting any input in ...
What is the definition of federal budget?Congress meets each year to pass a budget for the country. This document details where the government will spend its tax revenues during the upcoming year. Although congress is supposed to pass a budget annually, they typically don’t. The budgeting proc...
The meaning of BALANCE A/THE BUDGET is to have enough money to provide the amount to be spent. How to use balance a/the budget in a sentence.
This article discusses the definition of income in studies of budget incidence and income distribution. Interest in distribution has recently revived. In developed countries there is increasing explicit concern with the size-distribution of incomes, particularly with respect to their high and low ...
Although the idea of budget balance in the administrative budget has been the dominant consideration in the budgetary policy of most countries, it has gradually been realized that such a concept may be inappropriate when external shocks such as exchange rate movements or a world recession occur. Be...
The meaning of BALANCE A/THE BUDGET is to have enough money to provide the amount to be spent. How to use balance a/the budget in a sentence.
Lines in a BudgetBefore turning to the economics definition of "budget line",consider another concept:the line-item budget.This is effectively a map of future expenditures,with all the constituent expenditures individually noted and quantified.There's nothing very complicated about this;in this usage...
1the money that isavailableto anorganizationor person, or a plan of how it will bespentbudget ofa welfare program with a budget of $2 millionbudget forThe budget for photography has been cut.We had a reallytight budget.on/within budget(=not using more money than planned)The project was co...
Before turning to the economics definition of "budget line," consider another concept: the line-item budget. This is effectively a map of future expenditures, with all the constituent expenditures individually noted and quantified. There's nothing very complicated about this; in this usage, a budg...
The Budget Billamount will remain in effect until the settlement period, which has been established as March of each year. The Budget Billif passed would establish the Budget Office and a Budget Committee and these two would require extra funding, thereby imposing a charge on the consolidated fu...