Govt. Finances
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| Define the term 'Fiscal policy'? | show 🗑
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| Define the term 'Government Current Budget'? | show 🗑
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| Illustrate your understanding of the term 'Current expenditure'? | show 🗑
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| Illustrate your understanding of the term 'Current revenue'? | show 🗑
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| Illustrate your understanding of the term 'Government Capital Budget'? | show 🗑
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| show | Direct tax revenue, Indirect tax revenue, Profits of state companies, Receipts from the sale of semi-state co’s, Interest on loans to semi-states/local auth., Fees charged for services, State savings schemes: PO / prize bonds,Central bank surplus income
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| State the main sources of Capital Revenue? | show 🗑
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| Define the term 'Revenue Buoyancy'? | show 🗑
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| State the positive economic consequences of a government policy to increase public service charges? | show 🗑
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| show | Increased cost of living, Increased inflation, Affects lower income groups most, Viability of Partnership Agreements, Inequity / fairness, Higher costs for business.
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| Define the term 'Government budget deficit'? | show 🗑
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| show | Additional taxation,Cuts in public expenditure,Reduction in the provision of state service,Troika intervention,Public sector pay, Reduction in aggregate demand / job losses,Loss of confidence / emigration, Moderation in citizens expectations.
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| Define the term 'Current Budget Deficit'? | show 🗑
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| State the positive economic consequences of a Government Current Budget Surplus? | show 🗑
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deborahh
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