What's it: A government budget is a government's planned expenditures and revenues over a specific period, usually one year. Government revenue
What's it: A budget deficit means expenditure exceeds income. While it is common to refer to government budgets, the term also applies to
What's it: Automatic stabilizers are countercyclical fiscal tools. They moderate economic fluctuations without direct government intervention.
What's it: Government expenditure refers to the money the government spends on goods and services or other items. Examples are expenditures on
What's it: A structural budget deficit is when government spending exceeds government revenue, and it persists throughout
What's it: Autonomous expenditure is unaffected by income level. In other words, they will still exist even if the income equals zero. Spending
What's it: Net tax equals government tax revenue after deducting transfer payments. It represents the remaining revenue to finance government