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The national debt
Economics
Question | Answer |
---|---|
does ireland have a budget deficit or a budget surplus? | Deficit |
Explain the term exchequer borrowing requirement? | borrowing by the state to finance a current budget deficit and borrowing for capital purposes. |
Explain the term public sector borrowing? | the exchequer borrowing requirement plus borrowing for semi-state/state-sponsored bodies and local authorities. |
Define the term national debt? | this is the total amount/accumulated total of outstanding borrowing by the government. |
list 3 reasons for state borrowing? | productive investment, social investment, and current budget deficit. |