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10 cards from this deck
Gov decisions on public spending, taxation, and borrowing
Day-to-day spending on goods/services (salaries, running costs)
Spending on infrastructure and long-term projects
Payments to vulnerable households (universal or means-tested)
Progressive - redistribute income from high to low earners
Regressive - poor spend higher proportion of income on them
Stock of accumulated past borrowing from deficits
Deficit during downturn that disappears in upturn
Deficit that persists even at full employment
Gov borrowing raises interest rates, reducing private investment
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