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There is always a need to balance the budget or equal to the ends of the accounts in the public budgets of the countries What is this necessary?

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Question added by georgei assi , مدير حسابات , المجموعة السورية
Date Posted: 2015/04/06
Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Agree with Mr. George Assi

 

 

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georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

It must be enough public revenue to the state of public expenditure, and thus balance the budget; because if expenditure exceeds revenue will lead to a budget deficit, and the consequent increase in inflation and the instability of living standards.

Adel Ghaleb
by Adel Ghaleb , Finance Manager (CFO) , Yemen LNG

It is very rare to have a balanced state budget. A surplus is when the budgeted revenues are in excess of expenditures. Conversely, a deficit means that government revenues are less than expenditures. The government has to find sources to finance budget deficit. Besides other measures that government takes in order to control the level of deficit, government usually tends to borrow money from different sources in order to fund the deficit. There are different economic consequences for surplus and deficit. Governments uses monetary and fiscal policies as tools to manage and reach an optimal economic levels.   

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with you mr,Georgri >>>>>>>>>>>>>>>>>>

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