Glossary 0.0 / 5 ? HistoryModern Britain from 1750A2/A-levelWJEC Created by: kt6382Created on: 27-02-14 10:32 BUDGET Government financial plans for the forthcoming year is produced, presented to gov. and voted upon. 1 of 10 DEFICIT When gov. expenditure is greater than revenue 2 of 10 DIRECT TAXATION Taxes paid directly from the individual to the gov. 3 of 10 DUTIES/TARIFFS Taxes on imports 4 of 10 EXPENDITURE Spending by governments 5 of 10 FINANCIAL BILL A proposed change in gov. finance 6 of 10 INCOME TAX A direct tax on income on individuals 7 of 10 INDIRECT TAXATION An indirect tax on goods (Tobacco), not paid directly to gov. 8 of 10 RETRENCHMENT Reduction in gov. expenditure (economising policies/measures) 9 of 10 REVENUE Income of the gov. 10 of 10
Comments
No comments have yet been made