The Substance of Economics for the Student And the General Reader
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This inevitably increases as the scope of State activity widens. It includes the cost of the Legislature, Civil Service, etc.
(vi) The Cost of Public Services and Works. Among such expenditure is that on roads, bridges, harbours ; the postal services (which are expected to be self- sustaining) ; the maintenance of the currency ; and the system of weights and measures.
(vii) The Cost to the State in Grants to Local Authori- ties. To a certain extent, these grants are employed for purposes that a...re covered by the above.
(viii) The Cost of the National Debt. Following the war, this item is bigger than any other. Out of a total expenditure, about 1, 161, 000, 000 in 1921-22, the British Exchequer paid out 345, 000, 000 in respect of National Debt Services. 1 CLASSIFICATION OF PUBLIC REVENUE.
The revenue of the State may be considered according to whether it is in the nature of a loan, or a non-repay- able contribution such as a tax. In normal times, when expenditure can be met out of the ordinary revenue, recourse to loaning is not so formidable as during and immediately following a war.
What to read after The Substance of Economics for the Student And the General Reader?
You can find similar books in the "Read Also" column, or choose other free books by Herbert Albert Silverman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This inevitably increases as the scope of State activity widens. It includes the cost of the Legislature, Civil Service, etc.
(vi) The Cost of Public Services and Works. Among such expenditure is that on roads, bridges, harbours ; the postal services (which are expected to be self- sustaining) ; the maintenance of the currency ; and the system of weights and measures.
(vii) The Cost to the State in Grants to Local Authori- ties. To a certain extent, these grants are employed for purposes that a...re covered by the above.
(viii) The Cost of the National Debt. Following the war, this item is bigger than any other. Out of a total expenditure, about 1, 161, 000, 000 in 1921-22, the British Exchequer paid out 345, 000, 000 in respect of National Debt Services. 1 CLASSIFICATION OF PUBLIC REVENUE.
The revenue of the State may be considered according to whether it is in the nature of a loan, or a non-repay- able contribution such as a tax. In normal times, when expenditure can be met out of the ordinary revenue, recourse to loaning is not so formidable as during and immediately following a war.
What to read after The Substance of Economics for the Student And the General Reader?
You can find similar books in the "Read Also" column, or choose other free books by Herbert Albert Silverman to read onlineMoreLess
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