Ch-4 Government Budget and the Economy : Macro-Economics

primary deficit

Low or zero ________ indicate that interest commitments on earlier loans have forced the government to borrow.

capital receipts

In case of certain ________ (like borrowing), there is future obligations to return the amount along with the interest.

Forfeitures

________: these are in the form of penalties which are imposed by the courts for noncompliance of orders or non- fulfillment of contracts etc.

form of Post Office

Small savings: These are the funds raised from public in the ________ deposits, NSC etc.

Government

________ aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor.

acquisition of capital

Repayment of borrowing, Expenditure on ________ assets etc.

capital receipts

It is a(n) ________ because this reduces the assets of the government.

CAPITAL EXPENDITURE

________ ● It refers to the expenditure which either creates an asset or causes a reduction in the liabilities of the government.

Budgetary policy

________ aims to mobilize sufficient resources for investment in the public sector.

capital receipt

It is a(n) ________ as it reduces the assets of the government.

capital receipts

They are considered as ________ as they lead to increase in liability of the government.