What was an effect of louisiana’s state budget deficit in 2016?

1 answer:

8 0

One effect of Louisiana states budget deficit in 2016 was that the state tripled its taxes to meet the deficit.

<h3>What is Budget deficit?</h3>

A budget deficit is a situation where expenses exceed revenue and indicate the financial health of a state or country.

Budget deficit usually occurs when the government is unable to meet up with its financial obligations due to a sharp drop in revenue.

This can be influenced by several factors such as a drop in oil revenue as in the case of Louisiana.

Learn more about budget deficit at brainly.com/question/26010226

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