Revenue
This is a charge on an employee's wages
What is income tax?
Social welfare
Give an example of Current Expenditure
This is a budget deficit
What do you call a budget where expenditure is greater than income?
This is the tax on a company's profits
What is corporation tax?
Public sector workers pay
Give an example of current expenditure
This is a budget surplus
What do you call a budget where income is greater the expenditure?
This is a tax on cigarettes, alcohol and petrol
What is Excise Duties?
EU Grants
Give an example of Capital Revenue
This is a balanced budgetq
What do you call a budget where revenue is equal to expenditure?
This is a tax on the profit made on the sale of a house
What is capital gains tax
Profit from state companies
Give an example of current revenue
This is when the government needs extra help to cover over spending in the budget
What is government borrowing?
This is known as customs duties
What do you call the tax on the goods coming into the country from non EU countries?
Sale of State sponsored bodies
Give an example of capital revenue
These are the department of the ministers involved in composing the national budget