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We have the following information regarding the public budget of a given country for a given fiscal year (all amounts are expressed in euros): -Current revenues = 23,000 -Capital revenues= 3,450 -Capital expenditures = 5,500 -(Total) Current expenditures=45,000 -Interest payments of public debt =195 -Repayment of public debt= 15,000 -Sale of financial assets= 2,345 -Investment in financial assets= 135   Calculate then the following budget indicators: (i) Public deficit/surplus (ii) Primary deficit/surplus (iii) Debt issued (iv) Gross variation in the stock of debt (v) Net variation in the stock of debt

We have the following information regarding the public budget of a given country for a given fiscal year (all amounts are expressed in euros): -Current revenues = 23,000 -Capital revenues= 3,450 -Capital expenditures = 5,500 -(Total) Current expenditures=45,000 -Interest payments of public debt =195 -Repayment of public debt= 15,000 -Sale of financial assets= 2,345 -Investment in financial assets= 135   Calculate then the following budget indicators: (i) Public deficit/surplus (ii) Primary deficit/surplus (iii) Debt issued (iv) Gross variation in the stock of debt (v) Net variation in the stock of debt

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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We have the following information regarding the public budget of a given country for a given fiscal year (all amounts are expressed in euros):

-Current revenues = 23,000

-Capital revenues= 3,450

-Capital expenditures = 5,500

-(Total) Current expenditures=45,000

-Interest payments of public debt =195

-Repayment of public debt= 15,000

-Sale of financial assets= 2,345

-Investment in financial assets= 135

 

Calculate then the following budget indicators:

(i) Public deficit/surplus

(ii) Primary deficit/surplus

(iii) Debt issued

(iv) Gross variation in the stock of debt

(v) Net variation in the stock of debt

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