1. Current Budget
   1. Ballanced
      1. Planned current income = Planned current expenditure
   2. Surplus
      1. Planned current income > planned current expenditure
   3. Deficit
      1. Planned current income < planned current expenditure
2. Balanced budget
   1. Planned total income = Planned total expenditure
3. Surplus budget
   1. Planned total income > Planned total expenditure
4. Deficite budget
   1. Planned total income < Planned total expenditure
5. Neutral budget
   1. neither
      1. inflationary
      2. deflationary
6. Exchequer borrowing requirement
   1. Amount of money which gov borrows to finance both
      1. current expenditure
      2. capital expenditure
7. PSBR
   1. is
      1. Public Sector Borrowing Requirement
      2. General Government Valance
   2. ERB + borrowing for non-commercial state sponsored bodies
8. National debt
   1. amount of money owed by national government at any give time
   2. less liquiit assets available for redemption
9. Deadweight debt
   1. not self-financing
10. Rolled over debt