Definitions from The National Budget Chapter
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| The National Budget | Is a document that gives a detailed breakdown of government income and expenditure for the next year.
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| Current Income | Day-to-day regular income
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| Current Expenditure | Day-to-day regular expenditure
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| Capital Income | Long-term or once-off income
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| Capital Expenditure | Long-term or once-off expenditure
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| Balanced Budget | Planned total income is equal to planned total expenditure.
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| Surplus Budget | Planned total income is greater than planned total expenditure.
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| Deficit Budget | Planned total income is less than planned total expenditure.
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| Debit Servicing | Refers to the amount of money allocated in the budget to paying off part of Ireland’s national debt
(interest and amount borrowed)
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