Budget Deficit
A budget deficit occurs when a government’s spending exceeds its revenue over a certain period, meaning it has to borrow money to cover the shortfall. Budget deficits can lead to increased national debt if they continue over time.
A budget deficit occurs when a government’s spending exceeds its revenue over a certain period, meaning it has to borrow money to cover the shortfall. Budget deficits can lead to increased national debt if they continue over time.