A budget is a plan that outlines expected income and expenses over a specific period of time.
Demand-pull inflation
1. Pagtaas ng demand
2. Pagtaas ng presyo
Cost-push inflation
1. Pagtaas ng halaga ng mga salik ng produksyon
2. Kakulangan o shortage
3. Pagtaas ng presyo
Consumer Price Index (CPI)
Indeks ng presyo ng mga bilihin na binibili ng mga mamimili
Inflation rate
Antas ng pagtaas ng presyo ng mga bilihin
Purchasing power of peso
Kakayahan ng piso na bumili ng mga bilihin
CPI = total weighted average ngayon / total weighted average noong nakaraang taon * 100
Inflation rate = (CPI ngayon - CPI noong nakaraang taon) / CPI noong nakaraang taon * 100
Fiscal policy
Paraan ng pamahalaan sa paggamit ng pagbubuwis at paggasta
Expansionary fiscal policy ay ginagawa ng pamahalaan upang masigla ang ekonomiya
Contractionary fiscal policy ay ginagawa ng pamahalaan upang kontrolin ang inflasyon
Budgeting involves creating a financial plan to manage your money effectively, including setting goals, tracking spending, saving for emergencies or future needs, and adjusting the plan as needed.
The purpose of budgeting is to ensure that individuals have enough money to cover their essential expenses while also allowing them to save for long-term goals and unexpected events.
There are different types of budgets based on personal preferences and circumstances, such as zero-based budgeting (allocating all income), envelope budgeting (using cash envelopes for categories like groceries or entertainment), and percentage-based budgeting (setting percentages for various expense categories).
Saving is an important part of budgeting because it allows individuals to set aside funds for unexpected expenses, long-term goals like retirement or education, and emergency situations.
A personal budget can be created using various methods such as envelope system, zero-based budgeting, percentage method, and cash flow planning.
The government uses tax revenue to fund various programs and services that benefit its citizens, such as healthcare, education, infrastructure development, and social welfare initiatives.
Envelope System: A simple budgeting technique where cash is divided into envelopes labeled with different categories like groceries, transportation, entertainment, etc., and only the amount allocated for each category is spent.