Ch-4 Government Budget and the Economy : Macro-Economics
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30 Terms
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primary deficit
Low or zero ________ indicate that interest commitments on earlier loans have forced the government to borrow.
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capital receipts
In case of certain ________ (like borrowing), there is future obligations to return the amount along with the interest.
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Forfeitures
________: these are in the form of penalties which are imposed by the courts for noncompliance of orders or non- fulfillment of contracts etc.
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form of Post Office
Small savings: These are the funds raised from public in the ________ deposits, NSC etc.
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Government
________ aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor.
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acquisition of capital
Repayment of borrowing, Expenditure on ________ assets etc.
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capital receipts
It is a(n) ________ because this reduces the assets of the government.
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CAPITAL EXPENDITURE
________ â—Ź It refers to the expenditure which either creates an asset or causes a reduction in the liabilities of the government.
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Budgetary policy
________ aims to mobilize sufficient resources for investment in the public sector.
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capital receipt
It is a(n) ________ as it reduces the assets of the government.
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capital receipts
They are considered as ________ as they lead to increase in liability of the government.