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The National Budget
Chapter 16
Term | Definition |
---|---|
State-sponsered Body/Semi-state company | a business that is owned by the irish state. |
National Budget | a document that gives A detailed breakdown of government income and expenditure for the next year. |
Current | refers to day-day regular income or expenditure. |
Capital | refers to long-term or once-off income or expenditure |
Balanced budget | when planned income is equal to planned expenditure. |
Budget surplus | income greater than expenditure. |
Deficit | income less than expenditure |
Debit Servicing | refers to the amount of money allocated in the budget to pay off part off Ireland's national debt. |