Query about gifts and collapsing economies

[Alneyan]

While you can give more than what you have in storage (as long as you get the resources), can you receive more than your storage allows? For example, let's say I can store 200,000 minerals, and am lacking 400,000 minerals in a turn. If I accept a gift of 500,000 minerals, will it be enough to pay for my expenses, or will my economy collapse?

By the same reasoning as giving more than you possibly can, you should be able to use these gifts to pay your expenses even without storage. It would seem like the turn stage "do income/expense" happens before "reduce all resources to the storage level", but I am not positive about this.

Thanks!