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G.R.A.E

Government revenue and expenditure

TermDefinition
Government Revenue Government revenue refers to all of the money recieved by the government
Current Revenue Current revenue is money recieved by the government on a regular day-to-day basis
Capital Revenue Capital revenue is money recieved by the government on a irregular or once-off basis
Taxation Taxation is the process by which the government collects money from citizens and businesses to pay for public services
National Budget The national budget is the government's financial plan for the year ahead. It shows expected revenue and planned expenditure
Government Expenditure Government expenditure refers to all the money spent by the government
office of the revenue commisions The state body responsible for the
Created by: Ava White
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