| |
The State Budet Financing Sources |
|
 First: The Available Self Resources: |
They are the main source to finance the current and the capitalist public expenditure, on which the credited resources are defined in form of loans and treasury bills and bonds. Consequently, they determine the scale of internal and external debt and its effect on rates of inflation ,growth , production and others. The scale of the self resources are defined on the basis of the revenue capacity of the society and the economic activity movement.
The State self resources are represented in:
1- Surpluses of the state administrative agency:
They are about 45% of the state available resources. They are surpluses realized by the government administrative units and the affiliated departments as taxes , customs , and tributes in form of sovereign resources the state imposes, including:
a) Taxes: They form about 40% of the state sovereign revenues set on the basis of the society tax capacity with caring about tax equity.
They are the general taxes on incomes, profits , natural and legal persons of partnerships and funds, directly imposed on them, in addition to the stamp tax . The proceeds depend on the society tax capacity, the tax law effective on the tax basis , expanding the tax community , the work system in the tax department and the efficiency of collecting.
b) Customs:
They are about 20% of the state sovereign revenues. The rise in the proceeds depends on the enforced customs law and its effect on encouraging imports and exports , the exemption rules , the customs evasion control and the customs collecting systems.
c) Sales Tax:
They represent about 30% of the state sovereign revenues. They are the indirect taxes imposed on commodities and services whose final burden lies on the consumer of commodity or services. The proceeds depend on the status of the trade and market economy on a side, and on the efficiency of the tax system and the tax culture in society on the other.
d) Other Sovereign Resources:
They are about 10% of the state sovereign revenues in form of tributes and fees the state imposes such as the resource development fees , the Suez Canal tributes and the oil royalties. Most of which are spent on developing and improving the services to the citizens.
2-Surpluses and Profits of the Economic Authorities, Companies and Banks:
They represent about 15% of the state self available resources. They are surpluses and profits that return to the state public treasury as being the owner of several economic authorities , companies and banks.
The most important of which are:
- surpluses of the Suez Canal , Oil Authority representing 50% of the surpluses.
- Surpluses of The Central Bank and the general banks representing 25% of them in form of the interests on loans the state gives to some authorities and the loans re-lent by the public treasury , the profits of the state-owned companies and the general institutions.
- The Other Self Resources:
- They represent about 7% of the state self resources in form of appropriations and reserves formed by some authorities to substitute and replace the amortized machines, equipment , and furniture in addition to the scrap value of machines and equipment.
- The outcome of privatization resulting from selling the state-owned idle assets. About 50% of its values comes as a self resource for the State Treasury.
- In addition to any external or internal aids and grants from foreign states or organizations.
- The collected Installments: They are about 3% of the state self available resources as installments the state has granted before to some internal and external authorities or the loans re-lent by the public Treasury.
- Proceeds of the Saving Bases They form about 7% of the state self available resources as the outcomes of the state- owned saving bases from the government insurance funds , the post office saving bank , investment certificates and others
|
| Secondly: the available credited resources: |
They represent nearly 25%of the state available resources used to fill the state budget deficit.
Such as:
- The public treasury bonds and bills They represent about 10 % of the state available credited resources, including treasury bonds and bills the public treasury issues with certain interest rate and conditions used to fill the current deficit for their time aspect.
- Foreign and Local Loans and Credit Facilities: They are about 15% of the credited resources , most of which loans from the National Investment Bank , in addition to local loans and credit facilities from some of the other banks, as well as foreign loans and credit facilities.
|