1.What is public finance concerned with?
Public finance is concerned with how government raises and spends their money .
2.Where do tax revenue come from?
Tax revenues come from 3 major sources : income tax, payroll taxes and corporate income taxes
3.How are trust fund used ?
Trust fund are used to pay for specific programs such as Social security and Medicare.
4.By what way does the Treasury borrow money ?
The Treasury borrows money by selling bonds and other types of securities .
/ ˈTreʒəri /
/ sɪˈkjʊərəti /
5.Who does the government owe money to ?
The government can be owe money to its citizens, foreigners, other governments or international financial institutions / ˈFɒrənə (r) /
6.What is debt held by public ?
Debt held by the public is the total amount the government borrows all of its creditors in the general public.
7.Debt held by the federal accounts is the amount of money that the Treasury has borrowed from surplus of trust fund
II/Long question
1.What are the main sources of government revenue? How can government raise money
The first source of government revenue is from taxation. The government can collect money from different types of tax such as income taxes, customs duties, excise taxes and so on.
The second source is borrowing money. The
Nguồn đầu tiên của doanh thu chính phủ đến từ thuế. Chính phủ có thể thu tiền từ nhiều loại thuế khác nhau vd như thuế thu nhập, thuế hải quan, thuế TTĐB v.v
Nguồn thứ 2 là mượn tiền . Kho bạc mượn tiền bằng cách
Treasury borrows money by selling bonds and other types of securities
cách bán trái phiếu và các loại chứng khoán khác.
2.What are 2 types of funds from taxation in Americian ? How are they use?
Two types of funds are trust funds and federal funds:
Trust funds are generated from payroll taxes. They are used for specific programs such as Social security and Medicare
Federal funds are generated from some different types/kinds of taxes such as income taxes, customs duties , excise taxes v.v
2 loại quỹ đó là quỹ tín thác và quỹ liên bang :
Quỹ tín thác được tạo ra từ thuế trên bảng lương. Chúng được sư dụng cho các chương trình cụ thể ví dụ như an sinh xã hội và y tế
Quỹ liên bang được tạo ra từ một số loại thé khác nhau như thuế thu nhập, thuế hải quan, thuế TTĐB …
The president can decide to spend them on just anything when conduct the annual appropriation process
Chính phủ có thể quyết định chi tiêu chúng bất cứ lúc nào khi tiến hành phân bổ ngân sách hằng năm
3.What are 2 kinds of debt? How are they generated ? They are debt held by public
and debt held by federal accounts
Debt held by public is the total amount the government borrows from all of its creditor in the general public . Debt held by federal accounts is the amount of money that
Đó là nợ do công chúng nắm giữ và nợ do tk liên bang nắm giữ
Nợ do công chúng là tổng số tiền chính phủ đã vay từ tất cả các chủ nợ của mình trong công chúng
Nợ do tk liên bang năm giữ là tổng số tiền kho bạc đã mượn
the Treasury has borrowed from surplus of trust funds
từ thặng dư của quỹ tín thác
III/Complete the sentences
1.Public finance/be/concerned/how/government/ raise/ and spend/money
Public finance is concerned with how government raises and spends money
2.Trust funds/ be/use/pay/specific program/social security/medicare
Trust funds can be used to pay for specific programs such as social security àn Medicare
3.the Treasury/borrow/money/sell/ bond/ other/ type/securities The Treasury borrows money by selling bonds and other types of securities
1. Where do the government revenues come from?
Or: What are sources of the government revenues?
- The government revenues mostly come from taxation.
2. What are 2 types of funds generated from taxation?
They are trust funds and federal funds.
3. What are trust funds?
Trust funds are the government revenues generated from payroll taxes including social (national) insurance and health insurance.
4. What are trust funds used for?
Trust funds are used for social security and medicare.
5. What are federal funds?
Federal funds are the government revenues generated from income taxes, customs duty, excise tax and so on.
6. What are federal funds used for?
Federal funds are used for building infrastructure, paying salaries for state employees, running the government body.
Or:
Federal funds are used for the government projects and programs.
7. How can the government borrow money?
The government borrows more money by issuing and selling bonds or other types of government securities.
8. What are 2 ways for the treasury to sell government securities?
The treasury can sell government securities directly through its website or indirectly through banks or brokers.
9. Who does the government borrow money from?
The government borrows money from itself and from the public.
10. What is the money that the government borrows from itself called?
It is called debts held by federal accounts.
11. What is the money that the government borrows from the public called?
It is called debts held by the public.