Budget of the State
The budget of the State (or any other territorial collectivity) is the tool pivot of the Public finances. It is the whole of the accounts describing the receipts and the national expenditure for one calendar year.
Budget of the State according to the countries
See also: Budget of the French State
See also: Federal budget of Belgium
The State takes Impôts or emits national Debt.
Balance in the budget
A Budget is known as in balance if the receipts are equal to the expenditure. A Budget deficit is financed by loans and increases the National debt. A Budget surplus allows contrary refunding part of the debt.
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