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State two examples of government current income and two examples of government current expenditure - Leaving Cert Economics - Question 3 - 2005
Question 3
State two examples of government current income and two examples of government current expenditure. Government Current Income 1. 2. Government Current Expenditure... show full transcript
Worked Solution & Example Answer:State two examples of government current income and two examples of government current expenditure - Leaving Cert Economics - Question 3 - 2005
Step 1
Government Current Income
Answer
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Direct tax revenue - This includes taxes collected directly from individuals and businesses, such as income tax, corporation tax, and capital gains tax.
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National lottery receipts - Revenue generated from the national lottery, which is often used to fund public projects and services.
Step 2
Government Current Expenditure
Answer
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Salaries of all state employees - This includes payments made to teachers, police officers, and other governmental employees who provide essential services.
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Cost of running government departments - Expenditures necessary for the operational functionality of various government departments, including utilities, supplies, and maintenance.