Government budget bingo

Exercise and reference answers

Clues and terms

1. Clue

   Non-rival, non-excludable.

   Item

   Public good

2. Clue

   Enjoys without paying.

   Item

   Free-rider

3. Clue

   Higher income, higher rate.

   Item

   Progressive

4. Clue

   Selling PSU shares.

   Item

   Disinvestment

5. Clue

   Act mandating fiscal statements.

   Item

   FRBM 2003

6. Clue

   Total borrowing requirement.

   Item

   Fiscal deficit

7. Clue

   Fiscal deficit less interest.

   Item

   Primary

8. Clue

   Fiscal policy to stabilise output.

   Item

   Keynes

9. Clue

   Duty on goods made at home.

   Item

   Excise

Instructions

Read each clue and tap the term it describes.

Explanation