3 years ago

Answer this question before making any changes to spending percentages. What was the budget deficit in 2012?

2 answers:

5 0

According to The New York Times, the fiscal deficit for 2012 was $1.1 trillion, is the smallest deficit since 2008. The economic recession caused an excess of federal spending while cutting taxes which worsened the deficit. A budget deficit is the difference there is between expenses and the income, whenever the expenses are higher than the income.

Roman55 [17]3 years ago

4 0

1.1 trillion dollars

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