Difference between revisions of "Budget deficit"
(New page: The amount each year by which government spending is greater than government income.) |
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| − | + | A '''budget deficit''' is the amount each year by which [[government]] spending is greater than government income. This [[deficit]] can be borrowed by using money left over from a [[budget surplus]] or by borrowing money. | |
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| + | ==Sources== | ||
| + | http://usinfo.state.gov/products/pubs/oecon/chap12.htm | ||
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| + | ==References== | ||
| + | {{reflist|2}} | ||
| + | {{Economic preparedness topics}} | ||
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| + | [[Category:Economic Preparedness]] | ||
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| + | [[Category:Debt]] | ||
| + | [[Category:Finance]] | ||
| + | [[Category:Economics]] | ||
Latest revision as of 21:44, May 2, 2022
A budget deficit is the amount each year by which government spending is greater than government income. This deficit can be borrowed by using money left over from a budget surplus or by borrowing money.
Sources
http://usinfo.state.gov/products/pubs/oecon/chap12.htm