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Ch35 Goverment Revenue and Expenditure, Link Title - Coggle Diagram
Ch35 Goverment Revenue and Expenditure
What is National Budget:
The Goverments financial plan for the year ahead.
Who presents the National budget of Ireland:
The minister of Finance
Paschal Donohoe
Goverment Expenditure and Revenue:
Goverment Expenditure refers to all the money the Goverment spent.
Goverment revenue refers to all money received by the Goverment.
Two Goverment departments responsible for drawing up the National budget:
Department of Finance
Department of Public expenditure and reform.
Capital And Current Revenue:
Current Revenue: Money received by the Goverment Ona regular basis.
Capital Revenue: Money received on an irregular basis.
Current and Capital Expenditure:
Current Expenditure: Money spent by the Goverment on regular basis.
Capital Expenditure: Spending money on an irregular basis.
Budget Surplus and Deficit:
Budget Deficit: When the planned expenditure is greater than expected revenue.
Budget Surplus: When the planned revenue is higher than planned expenditure.
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