1									2							3
							4
5			6													7
									8
		9
																	10
										11
			12
																			13
				14
15
			16			17							18
												19
	20
		21
	22

Across 1. expenses that neither raises any assets or reduces liabilities. (2 Words) 6. funds raised by the government to cover the gap between government's expenditure and receipts. . 7. rewards paid to the shareholder by firms out of their profits after taxes. 8. a situation of vicious circle of borrowings to cover the excess expenditure. (2 Words) 9. difference between fiscal deficit and interest payment on the past debt. (2 Words) 12. tax rate falls with rise in income. (2 Words) 14. charges imposed on individuals and firms for their unlawful activities. 15. rate of the tax rise with the income level. (2 Words) 16. the amount of money left after all necessary expenses and used for future capital formation. 19. accumulated borrowing by the government at domestic and international level. (2 Words) 20. charges imposed on the income of the individual and are due to the government. (2 Words) 21. charges imposed on prices of goods and services which are paid to the government. (2 Words) 22. something valuable that an entity owns, benefits from, or has use of, in generating income.

Down 2. tax rate remain same with rising income. (2 Words) 3. receipts that does not create any liabilities or reduces asset valuations (2 Words) 4. charges levied on the profits of the firms and industrial houses. (2 Words) 5. receipts that create liabilities or reduction in assets (2 Words) 10. excess of total expenditure on the total revenue over the accounting year. (2 Words) 11. sale of government owned capital assets to private entities. 13. grants provided by the government to producers and consumers to encourage the production and consumption respectively. 17. cost incurred on the borrowed funds 18. a document containing the details of the government's revenue and expenditure.