What is the difference between the state budget and the family budget?

The main component of the state budget is the tax component, while the family budget consists of the income of family members, as well as various social benefits: pensions, benefits, scholarships, and so on.

The state budget is the basis of the country’s financial system, the family budget is the aggregate of the income of a single family.

The most important distinguishing feature of the state is the amount, which is determined by millions / billions in monetary terms.



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