Asked by
Jennifer Medina [STUDENT]
on Nov 17, 2024
Verified
A budget deficit occurs when government receipts fall short of government spending.
Budget Deficit
The situation where a government's expenditures exceed its revenues over a specific period, leading to borrowing or debt accumulation.
- Comprehend the idea of budget surplus and deficit as well as their origins.
Verified Answer
PO
Learning Objectives
- Comprehend the idea of budget surplus and deficit as well as their origins.