Author : EconomyWatch

Recently, it was declared that all issues pertaining to China budget would be handled by the state owned enterprises or SOEs. The state owned enterprises have been entrusted with...

The Chinese government has directed the state owned enterprises or the SOEs to take the responsibility of furnishing details about China's budget system and matters related to the same....

The Chinese government adopts several measures to see that the financial budget in China can equally benefit all and sundry. The government in China publishes the Military budget of...

A Direct tax is a kind of charge, which is imposed directly on the taxpayer. The examples of direct tax include property tax and income tax. Alternatively, it can...

Revenue receipts comprise interest and dividends on investment made by the government. Revenue receipts and capital receipts together implies the government's total cash inflow. India Budget: 1998-99 In the...

Primary deficit is the gross deficit which is obtained by subtracting interest payments from budget deficit of any country of a particular year. We need to know the value...

Capital receipts are the funds received into the businesses that are not part of the operating activities of the establishment. Capital receipts primarily include external assistance, market loans, small...

The Indian Budget is a schematic plan of India's financial and operational goals. It is an action plan that facilitates allocation of resources in India.The Government of India Budget,...

Revenue deficit occurs when the actual amount of expenditure and actual amount of received revenue do not tally with the anticipated expenditure and revenue figures.Unlike revenue surplus, where the...

Liabilities can be specified as a financial obligation of an establishment arising from past transactions or events. Examples of liabilities include accounts payable, deferred revenues, mortgages and accrued expenses....