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Revenue & expenditur

Jc business

TermDefinition
Balanced budget If the government expects that planned revenue will be equal to planned expenditure
Budget deficit If if planned revenue is less than planned expenditure.
Budget surplus If revenue is expected to be greater than planned expenditure.
Capital expenditure Spending on pave off projects or infant that will have long term benefits for the country.
Capital revenue Money received on a regular or once off basis.
Current expenditure Money spent by the government on a regular, ongoing basis.
Current revenue Money received by the government in a regular basis. Mostly taxes
Department of finance Ensured the government has enough money to run the country.
Department of public expenditure and reform Ensures the government has enough money to run the country
Infrastructure Basic facilities, structures and services needed for a country to function.
National budget The governments financial plan for the year ahead
Created by: Niamhoh
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