1. How do the organic and material criteria differ when identifying public finance?
2. A private organization exercises powers of command in managing funds, while a public organization carries out a financial activity as a private person would; how does the public-power-prerogatives criterion classify these activities?
3. A government collects resources through a budget and reallocates them within society outside the market circuit; what concept does this describe?
What does the organic criterion use to identify public finance?
The legal status of the actor.
Which author is associated with the public-power-prerogatives criterion?
M. Duverger.
What is political financial intermediation?
The reallocation of resources within society outside the market circuit.
What distinguishes formal sources of law from real sources?
Formal sources are techniques through which law is expressed; real sources are origins from which legal norms draw substance.
What does Burundi Constitution Article 70(3) establish about public charges?
Equality before public charges, with exemptions allowed only by law.
What does Burundi Constitution Article 164(5) reserve to legislation?
The definition of the tax base and rates of taxes and duties.
It covers the core concepts of Public Budget Principles and Process, organized by topic with the key definitions, explanations and takeaways, so it's easier to learn and remember.
Read the full study guide →The practice quiz has 62 multiple-choice questions, each with an explanation. Use it to check what you know and find your gaps.
Take the quiz (62 questions) →There are 95 flashcards on Public Budget Principles and Process, with a question on the front and the answer on the back. Try to recall each answer before you flip, and let spaced repetition bring back the ones you miss.
See all 95 flashcards →Upload a PDF or paste your notes. Revizly writes a study guide, a practice quiz and flashcards in about a minute.