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.
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market economy? I think so at least I remember doing something like this last year
An independent executive agency.
manufacturing-based economy
Medieval age lasted for more than thousand years. The medieval age is formerly proclaimed to be Dark Age not because it was dark but because nothing was known.
After the collapse of Greek and Roman civilizations, the whole of Europe came under the supremacy of the churches at that which gained control. It was called as nothing was known or studied about the political structure that prevailed during that period.
Dark Age does not actually refer to the time when people spent much of their time in darkness. It simply means that nothing came into light from the period when great civilizations came to an end.
