How to reply to these threads? (two pictures)
- Fiscal policy: Fiscal policies are policies that governments use as a tool to control and inuence the economy. - budget surplus: Budget surpluses occur when revenues exceed expenditures and often deal with governments. - budget decit: Decit occurs when the government (or any other entity) spends more money than it earns. Against the budget decit, there is a budget surplus. - balanced budget: A balanced budget (especially for a government} is a budget whose revenue is equal to its expenditure, has no budget decit, and no large budget. - How do taxes help balance the budget? Taxes and tax system can play an effective role in the development process of the country. In this regard, by applying appropriate tax policies and even the necessary tax incentives can help balance the production, distribution and exports to the country's economic prosperity. - Does Qatar has a balanced budget? Based on the Ministry of Finance, Qatar estimates will have budget decit in 2021. Once the expenditure is higher than revenues, the country' will face with budget deficit. https :wawmof. gov.qafeanagesfStateBudgetZl 1 .aspx Fiscal Policy; Fiscal policy refers to how Government and other public leaders use spending and taxes to control the economy. It is used in combination with central bank monetary policy to control the economy by manipulating the money supply and interest rates. MgHSurm When revenue exceeds expenses, a budget surplus is generated. Individuals have "savings" rather than a "budget surplus," so the word is often applied to a government's financial situation. A budget surplus indicates that the government's finances are wellmanaged. Mget Deficit: When expenditures surpass income, a budget deficit arises, and it indicates a country's financial health. When the government refers to expenses rather than corporations or people, it is referred to as a budget deficit. The national debt is made up of accrued deficits. Balanced Budge_t:A balanced budget is one in which estimated total revenues match total planned expenditures in the financial management or budgeting phase. This word is most often used to refer to budgeting in the government sector. Role of Taxes in Balancing Budget: The only two options for balancing the budget are to cut spending or increase revenue. The optimal approach is to spend less, but this is just not happening. As a result, several members of Congress are being pushed by politics and try to balance the budget by raising taxes. Taxes are one of the most important sources of income for any economy. When there is a deficit, taxes will be increased to collect money and help to close the gap. However, if an economy is not doing so good, it can raise taxes in order to boost low revenues, as the economy's expenses may outweigh its revenues. An economy can achieve a balanced budget with the aid of taxation. Based on the Qatar State Budget 2021, the revenues are estimated to be 160.1 billion QAR, Expenditure is estimated at QR194.7 billion, The Budget deficit is estimated at QR34.6 billion. The budget surplus was 0.5 billion QAR. Source: https:z'z'www.mof.gov.qafem'PageSz'StateBudget2021.aspx
