4 ms·
Well, there isn't a strict correlation between the taxes people pay and state spending. Typically, taxes cover about 70-80% of state spending.
by pcrh 4y ago
Well, there isn't a strict correlation between the taxes people pay and state spending. Typically, taxes cover about 70-80% of state spending.
- AdrianB1 4y agoAnd where is the rest coming from? Borrowing money? I have an extreme experience and knowledge about the finances of my country, I can tell you are wrong at least for this country.
- pcrh 4y agoIncome from government-owned assets, borrowing money, and printing money are the principal other sources of government spending. For Romania you can also add disbursements from the EU.