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The National Budget

Chapter 16

TermDefinition
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.
Created by: ellastudy
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