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2. Find in the text English equivalents for the following Ukrainian phrases:

Надання фінансових коштів; система грошових відношень; створення, розподілення та використання коштів; оборот коштів між суб’єктами економіки; мережа організацій: примусити зайві кошти працювати; бути зв’язаними фінансовими посередниками: включати дві складові частини; здійснення соціальної політики; основний інструмент фінансової системи; розрахунок прибутків та видатків; підготовка бюджету; планування поточних та капітальних видатків; макроекономічний вплив на бюджетно-податкову політику.

3. Find and read sentences explaining the title of the text.

4. Find in the text sentences expressing such ideas.

  1. Finance – the function in a business responsible for acquiring funds for the firm, managing funds within the firm, and planning for the expenditure of funds on various assets (economic resources owned by a firm, such as land, building and machinery).

  2. Financial intermediaries help savers and borrows receive the funds.

  3. Public finance is used by national and local government authorities on projects of national and local benefit.

  4. Budget plays an important role in the financial system.

  5. Budget preparation is impossible without revenue and expenditure forecasting.

5. Find antonyms for the words underlined.

  1. When expenditure exceeds the revenue the budget has a benefit.

  2. One of the functions of public finance is the punishment or control of particular sectors of the economy.

  3. The secondary instrument of any financial system is the budget.

  4. Adequate planning of recurrent and capital expenditure depends on a mistaken forecast of revenue availability.

b) Find synonyms for the words underlined.

  1. Finance is a provision of money at the time when it is needed.

a) supplying b) delaying c) planning d) forecasting

  1. Savers and borrowers are connected by financial intermediary.

a) baker b) cooker c) middle-man d) dancer

  1. The budget is the most important tool for achieving national priorities and goals.

a) target b) purpose c) task d) end

  1. The budget is an estimate of national revenue and expenditure for the ensuing fiscal year.

a) idea b) appraisal c) agent d) protection

  1. Revenue and expenditure forecasting is the most fundamental step in the process of budget preparation.

a) explaining b) discussing c) prediction d) predisposition

6. Think of the verbs that are most commonly used with:

a) money, policy, services, goals, priorities, resources, expenditure, revenue, budget, tax, responsibilities, principle, data, law, deficit, funds, assistance.

b)Think of the nouns that are most often used with:

to comprise, to provide, to distribute, to encourage, to implement, to achieve, to allocate, to maintain, to forecast, to plan, to determine, to prepare, to share, to hand down, to contradict, to influence, to pass, to grant, to execute, to benefit.

c) Form nouns from the following verbs.

To provide, to form, to distribute, to connect, to encourage, to implement, to achieve, to allocate, to maintain, to estimate, to prepare.

d) Form adjectives from the following words.

Finance, nation, fundament, success, science, to suit, to create.