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Taxation and financing

The most important element in financial management is keeping income and expenditure in balance. This holds true just as much for general government finances as it does for households. People who work pay taxes out of their income to local authorities and the government, and the taxes are used to fund services that are maintained with public funding. Banks are responsible for processing payments and offer different savings, loans and investment services.

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XML Page updated on 20.04.2012
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