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

2 answers:

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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