Income, Expenses and Budget

Can you give an example of a situation when you need to prepare a budget?

Which are examples of government expense?

• building of national roads

• buying car for the family of an official

• setting up schools

• paying salaries of government employees

Social services is a type of expense of government. Choose examples of social services?

• social pension

• public education

• public health services

• loans to businesses

What type of spending is maintaining an army?

• social services

• economic services

• defense services

• general public services

What type of expense is providing health services?

• social services

• economic services

• defense services

Which is the biggest expense of the government?

• defense

• social service

• economic service

• general public service

How does government generate income?

• income tax

• cedula: residence tax

• business tax

• value added tax

Are you already paying taxes? How?

Which agencies of the government is involved income, budget and expenses?

• Senate

• Bureau of Internal Revenue BIR

• Department of Budget

• Commission on Audit

Who prepares the draft of the budget?

• Senate

• President

• Department of Budget

• Congress