Call for Peace

بسم اللہ الرحمٰن الرحیم

 

In the Name of Allah,

the Most Gracious, and the Most Merciful

Politics

United States of America

 

Budget Surplus or Deficit

Brothers and Sisters! 

Assalam o Alleyykum 

[Peace be Upon You]

 

Brothers and Sisters! Theoretically, at the end of Fiscal Year there should not be any surplus or deficit. i.e., the revenue received from the taxpayers is equivalent to the outgoings as per budget prepared by the government. However, in practice either there is deficit or there is surplus.

 

Brothers and Sisters! The question arises why there is budget surplus or deficit?

 

Brothers and Sisters! If there is Budget Deficit this means the outgoings exceeded the incomings from thee taxpayers. If the incoming from the taxpayers exceed outgoings then there surplus.

 

Brothers and Sisters! Question arises when there is budget Deficit, how the shortfall of incomings is made good as the outgoings must be met?

 

Brothers and Sisters! The government has department that prints the money. So to meet the outgoings as per budget, the government prints the money on behalf of the taxpayers to be collected in the forthcoming fiscal years by raising taxes. The government uses term ‘Borrowing’ i.e. that to meet the deficit the government borrows money. The most of the taxpayers do not appreciate that the money has been borrowed on their behalf to be collected from them in the forthcoming Fiscal Years.

 

Brothers and Sisters! However, to meet the excess of outgoings over incomings, the government may borrow money from another country and repaid when there is budget Surplus.

 

Brothers and Sisters! If there is Budget Surplus then it is carried forward. Either the tax rates are lowered or it is carried forward is case there is budget deficit in the forthcoming Fiscal years. Budget Surplus can be used to lend other countries.

 

Please Remember in Dua’as

 

Wass’a’lam

 

Naseer Aziz

 

Principal Call for Peace

 

Messages to Look for Peace

PS:

Sponsorship

Brothers and Sisters! Please read the Post: Sponsorship in the Navigation Bar as to why it is needed to keep conveying the Messages to Look for Peace until the Day of Resurrection and how it will be expended until the Day of Resurrection.

Wass’a’lam