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National Budget

National Budget JC

TermDefinition
The National Budget Is a document that gives a detailed breakdown of government income and expenditure for the next year.=
Current Income Day-to-day regular income=
Current Expenditure Day-to-day regular expenditure=Capital Income
Capital Expenditure Long-term or once-off expenditure=Balanced Budget
Surplus Budget Planned total income is greater than planned total expenditure.=
Deficit Budget Planned total income is less than planned total expenditure.=
Debt Servicing Refers to paying the interest on the national debt.=
Created by: sodowdschaus
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