Across
- 5. of careful and sensible fiscal management
- 8. balance reflecting day-to-day government financial activities
- 9. amount of income remaining after taxes have been paid
- 12. resources or property owned by the government
- 13. ability of consumers to buy goods and services with their available income
Down
- 1. net value of assets minus liabilities
- 2. when government spending exceeds revenue in a given period
- 3. of tax levied directly on income or wealth (e.g. income tax)
- 4. of fiscal policy that increases government spending or cuts taxes to stimulate the economy
- 5. policy that reduces government spending or increases taxes to slow economic growth
- 6. process by which governments collect revenue from individuals and businesses
- 7. of tax imposed on goods and services rather than directly on income
- 10. total amount of money that a government owes to creditors
- 11. financial plan that outlines expected revenues and expenditures