Any action by the ECB that can influence the money supply, interest rates and the availability of credit.

Any actions taken by the government that influence the timing, magnitude and structure of current revenue (money in) and expenditure (money out).

Money spent on items used up during te year on day-to-day items ie teachers' salaries and social welfare payments.

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Government Finances

Term	Definition
Monetary Policy	Any action by the ECB that can influence the money supply, interest rates and the availability of credit.
Fiscal Policy	Any actions taken by the government that influence the timing, magnitude and structure of current revenue (money in) and expenditure (money out).
Current Revenue	Money spent on items used up during te year on day-to-day items ie teachers' salaries and social welfare payments.