The state budget
Answers are for parents and teachers.
1
Budget: revenue 250 bln and expenditure 280 bln so‘m. What is the budget deficit in bln so‘m?
30
2
What percent of revenue is that deficit?
12
3
Write five institutions or services financed by the state budget (from your own town) and say which expenditure item they belong to.
For example: school — education; polyclinic — health; police — public order; pension fund — transfers; park — environment.
4
Write four ways of reducing a budget deficit and state one drawback of one of them.
Cut expenditure; find extra revenue sources; issue extra money; borrow. Drawback: issuing extra money raises inflation.