Goverment Revune And Expenditure Flashcards
1
Q
What are 5 of the governments revenues
A
Income tax
Corporation tax
Motor tax
VAT
excise duties
2
Q
What are 5 of the governments expenditures
A
Social welfare
Education
Health
Tourism
Public sector wages
3
Q
What is capital expenditure?
A
A once off or long term expense
Example building schools
4
Q
What is current expenditure?
A
Regular expenditure
Example wages
