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Stolb23 [73]
3 years ago
7

A budget deficit results when government outlays exceed its revenue. True False

History
2 answers:
Lilit [14]3 years ago
5 0
True.

When a government's spending is greater than it's revenues (income) then you accumulate a debt. This is also known as a budget deficit, as deficit means the amount by which a sum of money is too small.
ankoles [38]3 years ago
5 0

Answer: True :)

Please rate my answer brainliest, I'm trying to reach a goal! <3

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