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National Budget

Definitions from The National Budget Chapter

TermDefinition
The National Budget Is a document that gives a detailed breakdown of government income and expenditure for the next year.
Current Income Day-to-day regular income
Current Expenditure Day-to-day regular expenditure
Capital Income Long-term or once-off income
Capital Expenditure Long-term or once-off expenditure
Balanced Budget Planned total income is equal to planned total expenditure.
Surplus Budget Planned total income is greater than planned total expenditure.
Deficit Budget Planned total income is less than planned total expenditure.
Debit Servicing Refers to the amount of money allocated in the budget to paying off part of Ireland’s national debt (interest and amount borrowed)
Created by: marymaloney
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