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Glossary

Term Description
Budget List of all planned expenses and revenues
Chart of Goals Plan containing all the projects, programs, goals, objectives and targets. Also it can contain information support entities such as government agencies, locations, etc.
Commitment Something pledged, especially an engagement by contract involving financial obligation
Expense Government spending. Along with consumer and business spending, government expenditures contribute to aggregate demand
Government Units Government units are institutional units that carry out the functions of government as their primary activity. That is, they have legislative, judicial, or executive authority over other institutional units within a given area; they assume responsibility for the provision of goods and services to the community as a whole or to individual households on a nonmarket basis; they make transfer payments to redistribute income and wealth; and they finance their activities, directly or indirectly, mainly by means of taxes and other compulsory transfers from units in other sectors. All government units are members of the general government sector
Ministry A governmental department presided over by a minister
National Parliament It is a legislative body.  The name is derived from the French parlement , the action of parler (to speak): a parlement is a talk, a discussion, hence a meeting (an assembly, a court) where people discuss matters. While all parliaments are legislatures, not all legislatures are parliaments
Target A Target or performance target is a level of performance expressed as a tangible, measurable objective, against which actual achievement can be compared, including a target expressed as a quantitative standard, value, or rate. Performance targets should be provided for short-term as well as for long-term assessment of program performance







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