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Distinction Between A Government Budget Deficit And A Government Budget Surplus
Economics notes
Distinction Between A Government Budget Deficit And A Government Budget Surplus
➡️ Government budget is an annual financial statement that outlines the government's expected revenues and expenditures for a fiscal year.
➡️ It is a tool used by governments to allocate resources, manage public services, and stimulate economic growth.
➡️ It also serves as a way for governments to monitor and control public spending, and to ensure that public funds are used efficiently and effectively.
What is the difference between a government budget deficit and a government budget surplus?
A government budget deficit occurs when the government spends more money than it takes in from taxes and other sources of revenue. A government budget surplus occurs when the government takes in more money than it spends.
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