Ex.2. Assignment 2 The following summary of budget figures was taken from the report prepared by the budget committee for the budgetary year 2009/2010 (numbers by million LE): Actual data Item Current year Budgetary year 09/10 05/06 06/07 07/08 08/09 Unit Ministry Opinion Total revenues 3700 4350 5100 6700 7500 Taxes ? Subsidies, grants, and social benefits Cash deficit ? 1500 1600 1700 ? ? ? 1800 8050 ? 2500 -10% of unit opinion Collection from payment of foreign loans Local Loans 0 -2630 -2735-2548 -1234 0 5 2 1800 2200 2500 -2360 -824 5 Same as unit opinion 2400 2500 -10% of unit opinion Other revenues 900 1000 1200 1250 1500 +10% of unit opinion Compensation for employees ? ? ? ? ? ? Issuing of stocks 200 100 100 200 500 -20% of unit opinion Other expenses 800 900 1000 850 1000 -10% of unit opinion Grants 800 850 900 950 1000 -10% of unit opinion Acquisition of non financial assets 1000 1100 1200 1250 1500 -20% of unit opinion Payment of local loans 2000 2200 2400 2500 2500 Same as unit opinion Acquisition of local financial assets 75 80 100 150 200 -50% of unit opinion Interest rate of local loan 15% 15% 12% 11% 12% 12% of local loan Interest rate of foreign loan 6% 5% 4% 5% 4% 4% of foreign loan Sales of local financial assets Foreign Loans 15 25 30 1000 1100 1200 40 50 -20% of unit opinion 1400 1500 -10% of unit opinion Collection from payment of local loans 10 20 25 30 40 Same as unit opinion Purchase of goods and services 1500 1600 1800 1900 2000 -10% of unit opinion Sales of other assets 100 150 180 200 250 -20% of unit opinion Acquisition of foreign financial assets 10 0 5 0 0 Same as unit opinion Payment of foreign loans 1000 1200 1400 1500 1750 -20% of unit opinion Collection from privatization 2590 2620 2413 1112 1965 539 Required: Prepare the comprehensive form of the State budget for the budgetary year 2009/2010