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Government Budgets
A government budget is a projection of the government's revenues and expenditure for a particular period, often referred to as a financial or fiscal year, which may or may not correspond with the calendar year. Government revenues mostly include taxes (e.g. inheritance tax, income tax, corporation tax, import taxes) while expenditures consist of government spending (e.g. healthcare, education, defense, infrastructure, social benefits). A government budget is prepared by the Central government or other political entity. In most parliamentary systems, the budget is presented to the legislature and often requires approval of the legislature. The government implements economic policy through this budget and realizes its program priorities. Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees, and other revenues. State budget expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Revenue
Government revenue or national revenue is money received by a government from Tax revenue, taxes and Non-tax revenue, non-tax sources to enable it, assuming full resource employment, to undertake non-inflationary public expenditure. Government revenue as well as government spending are components of the government budget and important tools of the government's fiscal policy. The collection of revenue is the most basic task of a government, as the resources released via the collection of revenue are necessary for the operation of government, provision of the common good (through the social contract in order to fulfill the public interest) and enforcement of its Law, laws; this necessity of revenue was a major factor in the development of the modern Bureaucracy, bureaucratic state. Government revenue is distinct from government debt and money creation, which both serve as temporary measures of increasing a government's money supply without increasing its revenue. Sources There are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Matthew Ward (1816-1879) - The South Sea Bubble, A Scene In 'Change Alley In 1720 - N00432 - National Gallery
Edward Matthew Ward, , (14 July 1816 – 15 January 1879) was a British painter who specialised in historical genre. He is best known for his murals in the Palace of Westminster depicting episodes in British history from the English Civil War to the Glorious Revolution. Life Early career Ward was born in Pimlico, London. As a youth, he created illustrations for the well-known book '' Rejected Addresses'', written by his uncles James and Horace Smith. He also illustrated the papers of Washington Irving. In 1830, he won the "silver palette" from the Society of Arts. With support from David Wilkie and Francis Leggatt Chantrey, he became a student at the Royal Academy Schools. In 1836 he travelled to Rome, where in 1838 he gained a silver medal from the Academy of St Luke for his ''Cimabue and Giotto'', which in 1839 was exhibited at the Royal Academy. While a student at the Schools, Ward became a member of The Clique, a group of painters, led by Richard Dadd. Like other mem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stamp Act 1765
The Stamp Act 1765, also known as the Duties in American Colonies Act 1765 (5 Geo. 3. c. 12), was an Act of Parliament (United Kingdom), act of the Parliament of Great Britain which imposed a direct tax on the British America, British colonies in America and required that many printed materials in the colonies be produced on stamped paper from London which included an embossed revenue stamp. Printed materials included legal documents, magazines, playing cards, newspapers, and many other types of paper used throughout the colonies, and it had to be paid in Pound sterling, British currency, not in Early American currency, colonial paper money. The purpose of the tax was to pay for British military troops stationed in the American colonies after the French and Indian War, but the colonists had never feared a French invasion to begin with, and they contended that they had already paid their share of the war expenses. Colonists suggested that it was actually a matter of British pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Grenville
George Grenville (14 October 1712 – 13 November 1770) was a British Whig statesman who served as Prime Minister of Great Britain, during the early reign of the young George III. He served for only two years (1763-1765), and attempted to solve the problem of the massive debt resulting from the Seven Years' War. He instituted a series of measures to increase revenue to the crown, including new taxes and enforcement of collection, and sought to bring the North American colonies under tighter crown control. Born into an influential political family, Grenville first entered Parliament in 1741 as an MP for Buckingham. He emerged as one of the Cobhamites, a group of young members of Parliament associated with Lord Cobham. In 1754, Grenville became Treasurer of the Navy, a position he held twice until 1761. In October 1761 he chose to stay in government and accepted the new role of Leader of the Commons causing a rift with his brother-in-law and political ally William Pitt who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Excise Bill
The Excise Bill of 1733 was a proposal by the British government of Robert Walpole to impose an excise tax on a variety of products. This would have allowed Excise officers to search private dwellings to look for contraband untaxed goods. The perceived violation of the Rights of Englishmen provoked widespread opposition and the bill was eventually withdrawn. Whig opposition MP William Pitt took the lead in criticising the proposal, invoking the concept that an " Englishman's house is his castle". Walpole proposed the bill while at the height of his powers, during the Whig Ascendency, but its defeat was an early sign of the waning of his dominance over British politics which came to an end in 1742. Opposition Tory Mps were joined by the emerging Patriot Whigs The Patriot Whigs, later the Patriot Party, were a group within the British Whig Party, Whig Party in Kingdom of Great Britain, Great Britain from 1725 to 1803. The group was formed in opposition to the government of R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Pulteney, 1st Earl Of Bath
William Pulteney, 1st Earl of Bath, (22 March 16847 July 1764) was an English Whigs (British political party), Whig politician and peer who sat in the House of Commons of Great Britain, British House of Commons from 1707 to 1742 when he was raised to the Peerage of Great Britain, peerage as the Earl of Bath by George II of Great Britain. He is sometimes represented as having served as First Lord of the Treasury and Prime Minister of Great Britain as part of the short-lived ministry in 1746, although most modern sources do not consider him to have held the office. Background and early career The son of William Pulteney by his first wife, Mary Floyd, he was born in March 1684 into an old Leicestershire family. He was educated at Westminster School and at Christ Church, Oxford, matriculating on 31 October 1700. He acquired extensive classical knowledge, and on leaving University of Oxford, Oxford made the usual tour on the continent. In 1705, he was brought into parliament by Hen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peerage (other)
A peerage is a legal system comprising hereditary titles in various European countries. Peerage may also refer to: Publications * Burke's Peerage, publishes guides to the royal and titled families of the United Kingdom and many other countries * Debrett's Peerage and Baronetage, a book and website with a short history of the family of each titleholder * ''The Complete Peerage'', a work on the titled aristocracy of the United Kingdom and, later, the UK and Ireland * '' The Scots Peerage'', a nine-volume series of the Scottish nobility Other uses * Peerage Act 1963, allowing women peers and Scottish hereditary peers to sit in the House of Lords, and newly inherited hereditary peerages to be "disclaimed" See also * Peer (other) Peer or peeress may refer to: Sociology * Peer, an equal in age, education or social class; see Peer group * Peer, a member of the peerage A peerage is a legal system historically comprising various hereditary titles (and sometimes Life pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Whig (British Political Party)
The Whigs were a political party in the Parliaments of England, Scotland, Ireland, Great Britain and the United Kingdom. Between the 1680s and the 1850s, the Whigs contested power with their rivals, the Tories. The Whigs became the Liberal Party when the faction merged with the Peelites and Radicals in the 1850s. Many Whigs left the Liberal Party in 1886 over the issue of Irish Home Rule to form the Liberal Unionist Party, which merged into the Conservative Party in 1912. The Whigs began as a political faction that opposed absolute monarchy and Catholic emancipation, supporting constitutional monarchism and parliamentary government, but also Protestant supremacy. They played a central role in the Glorious Revolution of 1688 and were the standing enemies of the Roman Catholic Stuart kings and pretenders. The period known as the Whig Supremacy (1714–1760) was enabled by the Hanoverian succession of George I in 1714 and the failure of the Jacobite rising of 1715 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tobacco
Tobacco is the common name of several plants in the genus '' Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the chief commercial crop is ''N. tabacum''. The more potent variant ''N. rustica'' is also used in some countries. Dried tobacco leaves are mainly used for smoking in cigarettes and cigars, as well as pipes and shishas. They can also be consumed as snuff, chewing tobacco, dipping tobacco, and snus. Tobacco contains the highly addictive stimulant alkaloid nicotine as well as harmala alkaloids. Tobacco use is a cause or risk factor for many deadly diseases, especially those affecting the heart, liver, and lungs, as well as many cancers. In 2008, the World Health Organization named tobacco use as the world's single greatest preventable cause of death. Etymology The English word 'tobacco' originates from the Spanish word ''taba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wine
Wine is an alcoholic drink made from Fermentation in winemaking, fermented fruit. Yeast in winemaking, Yeast consumes the sugar in the fruit and converts it to ethanol and carbon dioxide, releasing heat in the process. Wine is most often made from grapes, and the term "wine" generally refers to grape wine when used without any qualification. Even so, wine can be made fruit wine, from a variety of fruit crops, including plum, cherry, pomegranate, blueberry, Ribes, currant, and Sambucus, elderberry. Different varieties of grapes and Strain (biology), strains of yeasts are major factors in different styles of wine. These differences result from the complex interactions between the Biochemistry, biochemical development of the grape, the reactions involved in fermentation, the grape's growing environment (terroir), and the wine production process. Many countries enact legal appellations intended to define styles and qualities of wine. These typically restrict the geographical origin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services
Goods are items that are usually (but not always) tangible, such as pens or Apple, apples. Services are activities provided by other people, such as teachers or barbers. Taken together, it is the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and Service (economics), services which underpins all economic activity and trade. According to Economics, economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also Distribution (marketing)#Channels and intermediaries, consume goods and services in the course of producing their own. History Physiocracy, Physiocratic economists categorized production into productive labour and unproductive labour. Adam Smith expanded this thought by arguing that any economic activities directly related to material products (goods) were productive, and those activities which involved no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Excise Tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is normally levied at the moment of manufacture for internal consumption rather than at sale. It is therefore a fee that must be paid in order to consume certain products. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. An excise is considered an indirect tax, meaning that the producer or seller who pays the levy to the government is expected to try ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
