Lecture N 15

Lecture N 14

“State credit”

The state credit - set of credit relations, in which one of the parties is the state, and creditors or borrowers are the legal and physical persons.

The state credit divided into:

Ø Internal

External (international)

Ø The conditional state credit

The basic form of the state credit are the state loans representing credit relations, in which the state acts mainly as the debtor.

The loans differ:

Ø on terms of repayment,

Ø place,

Ø ways of allocation,

Ø currency of the loan,

Ø kinds of profitability

The state debt

-is the sum of the received and outstanding state loans, and also liabilities for the certain date, referred according to acts of RK on a duty of the Government of RK, the National bank of RK or decisions of maslikhats on a duty of local executive bodies, without taking into account mutual requirements.

“Finance of households”

Finance of households represents the economic money relations on formation and use of funds of money resources with the purpose of maintenance of material and social conditions of life of members of economy and their reproduction.

They carry out two base functions:

Maintenance of needs of family by money resources

Distributive

Budget of household unites the cumulative incomes of the members households and expenditures ensuring them personal needs.

State social transfers- pensions, grants, and other payments from means of budgets of a different level and of off-budget funds.

The money expenditures of households - actual expenses for purchase of material and spiritual values, necessary for continuation life of person, which include the consumer expenditures and expenditures which are not connected directly with consumption.

The concept of individual business formulated in the Law on individual business.

Kinds of individual business are:

Personal

Joint

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