public finance

1. A tax system where the amount of tax paid increases proportionally with income.
6. A tax based on the value of goods.
8. Money borrowed by the government used to finance projects that generate income.
10. a tax system where a fixed percentage is used to calculate tax, e.g., VAT.
11. tax imposed on property transferred after the owner’s death.
13. Spending by the government aimed at financing projects, e.g., road construction.
14. Principle stating that public expenditure must be approved by the relevant authorities.

2. A tax paid on the conveyance of land.
3. A tax on companies' profits.
4. tax system where the tax rate decreases as income increases.
5. Spending that takes place regularly, e.g., paying salaries to civil servants.
7. tax charged on personal wealth that exceeds a certain limit.
9. imposed when a fixed asset is sold at a higher price than its book value.
12. tax based on the quantity of goods, irrespective of their value.