China accelerates issuance of local special bonds to support investment expansion = state media
If you write the contents roughly
The State Council said that increased government spending would contribute to increased private investment in the first quarter of 22.
[Beijing XNUMXth Reuters] – The State Council of the People's Republic of China (Cabinet) is specializing in local governments on the XNUMXth to support the slowing economy. → Continue reading
Wikipedia related words
If there is no explanation, there is no corresponding item on Wikipedia.
Annual expenditure(Saishutsu,British: government spending) Isfiscal yearIt refers to the expenditure of the central government, local governments, local governments, etc. (public sector) in Japan.ModernGovernment accountingThe system states that expenditures for that fiscal year will be covered by revenues for that year.Fiscal Year Independence PrincipleTherefore, it is emphasized for each fiscal year, and expenditure within one fiscal year is called expenditure.
Expenditures refer to all accounting expenditures made by the public sector within each year, so they include a wide variety of public expenditures for the year.For example社会 保障,social welfare,Public works,Education,Military, Civil servant labor costs,Public debtRedemption fee (Government bond costs)and so on.ExpendituresFiscal policyIt is an indispensable element to realize.
Under the principle of fiscal year independence, expenditures are constrained to be within revenues.In addition, most modern nations have adopted the principle of total budget principle (all revenues and expenditures must be included in the budget).budget TheParliamentExpenditures are subject to very strong budget and parliamentary constraints, as they are required to pass the vote.Therefore, there is an aspect that it is not possible to immediately respond to the demands of the people and residents.
Due to the principle of fiscal year independencerevenueAs with expenditures, the fiscal year to which they belong is a very important issue.Focus on when the cause of spending occursaccrual basis(Budget principle) and formalism that emphasizes the time when the expenditure itself is completed (Cash basis・ There are two types of thinking (settlement principle).In practice, it is unlikely that one will depend on only one of them, and in Japan, eclectic operations are carried out depending on the situation.The Asahi Shimbun has set a guideline for curbing spending increases in Japan, where social security expenses account for about one-third of spending, and is calling for drastic efforts, including system revisions..
Government final consumption expenditure
The act of purchasing goods and services for immediate use by the government to meet the needs of the individuals and groups that make up the community is called government final consumption expenditure.In government accounting, it is counted in the "use of income account" and is the purchase of goods and services to directly meet the individual demand (individual consumption) of the community and the demand of the group.
Public fixed capital formation
Expenditures that only result in the transfer of money without the purchase of goods or services (社会 保障Expenditures, etc.) are called transfer payments.These expenditures are said to be exhaustive as they do not consume goods or services or leave products behind.In other words, transfer spending is one that does not trade goods or services at all...Examples include welfare dividends, social security and government subsidies.
Percentage of GDP
The ratio of government expenditure to the GDP of each country is shown below (Source:Heritage FoundationとWall Street Journalby2011 Index of Economic Freedom..Tax revenue is included in the comparison).
- ^ (Editorial) Next year's budget Can spending expansion be suppressed?
- ^ Bishop, Matthew (2012). “Economics AZ terms beginning with T; transfer". The Economist,. 2012/7/11Browse. “Payments that are made without any good or service being received in return. Much PUBLIC SPENDING goes on transfers, such as pensions and WELFARE benefits. Private-sector transfers include charitable donations and prizes to lottery winners.”
- ^ 2011 Index of Economic Freedom
- ^ An offshore investment fund underwrites government spending. For more information see: Kiribati information on economic freedom. Facts, data, analysis, charts and more. Heritage Foundation.
- ^ Offshore petroleum projects are sources of tax revenue. For more information see: Timor-Leste information on economic freedom. Facts, data, analysis, charts and more. Heritage Foundation.
- ^ http://www.gov.east-timor.org/old/fbea/wage_income_tax.php
- ^ http://siakhenn.tripod.com/capita.html