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15 cards from this deck
Govt using spending & taxation to influence economy
Taxes on income & wealth (Income Tax, USC, Corp Tax, CGT)
Taxes on goods & services (VAT, excise duties, carbon tax)
€24bn, 27% of total tax revenue
Day-to-day govt running costs (wages, welfare, services)
Long-term investment (infrastructure, broadband, energy)
Expenditure exceeds revenue
Revenue exceeds expenditure
↑ spending or ↓ taxes to boost demand
↓ spending or ↑ taxes to slow demand
Govt borrowing raises rates, reducing private investment
Below 3% of GDP
60% of GDP
12.5%, rising to 15%
Planning & implementation delays reduce effectiveness
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