In the system of public finances, the main place is occupied by the budget, which is used by the government to redistribute national income, as well as to regulate and stimulate economic processes. Budget (from French. “boujette” – a leather bag, bag) is a fund of financial resources, which exists in the form of a […]
Tag: National
Financial system: concept, structure and functions
The term “finance” comes from the Latin “financia”, which means payment. For the first time with the meaning of “money payment” it began to be widely used in the 13th and 15th centuries. in Italy, whose cities (Florence, Venice, Genoa) were at that time major centers of trade, monetary settlements and banking. In the future, […]