Government - National Debt Flashcards
National Debt
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Explain the relationship between a government Budget Deficit and National Debt.
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Discuss the disadvantages for Ireland of having a high National Debt.
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Outline two means by which Ireland’s National Debt may be made more sustainable.
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State and explain four problems associated with the Irish National Debt.
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Current Budget Deficit
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Exchequer Borrowing Requirement
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Public Sector Borrowing Requirement
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National Debt
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Describe the economic consequences (positive and negative) of the increase in National Debt in recent years.
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Government Current Budget
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Government Capital Budget
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Revenue Buoyancy
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Regressive Taxation
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DDP
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Outline the economic benefits of a lower percentage of National Debt/GDP ratio for the Irish economy.
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