(=when a government has spent more money than it has)The country has a budget deficit of over $4 billion.a budget surplus(=when a government has more money than it spends)A huge budget surplus of over £16 bi
What is a budget surplus?Budget:In economics, the term "budget" is used to describe a record or a statement in which the information about the estimated expenditure and expected revenue is written by an individual, firm, or government, to maintain some certainty in financial condition....
SURPLUS (Economics)The desirability of federal budget surpluses became the conventional wisdom in the 1990s. This economist argues that ongoing surpluses will be damaging in several important ways. He proposes that the nation have its debt grow at the same rate as the GDP....
Alberto F. Alesina Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER); Harvard University - Department of EconomicsJanuary 2000NBER Working Paper No. w7496 Abstract: Current surpluses in the U.S. have been achieved by a combination of a strong economy, low...
Keynesian economics theorysuggests that entities should run a surplus during times of prosperity and a deficit during a downcycle ordepression. This allows the company or government to save money when it is well off and to spend money oneconomic stimuluswhen the economy is less well off. ...
Public savings are also referred to as budget surplus. When public savings are negative, the government is said to be running a budget deficit. To spend more than tax revenues allow, governments borrow money and run budget deficits, which are financed by borrowing. ...
Government revenue is collected from taxes. Alternatively, when government revenue exceeds government expenditure, it creates a budget surplus. Formula for budget surplusView Video Only Save Timeline Video Quiz Course 150K views Causes of Budget Deficits Several factors account for a budget defic...
年度预算;预算草案;联邦/政府预算 ⨁ a balanced budget平衡预算 ⨁ an austere / a tax-cutting / tough budget紧缩/减税/严格预算 ⨁ a budget deficit / shortfall / surplus预算赤字/差额/盈余 [countable, uncountable] an amount of money that a person or a company can spend on particular ...
A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. Actual Previous Highest Lowest Dates Unit Frequency -5.80 -7.40 0.58 -8.60 1988 - 2023 percent of GDP Yearly Compare Government Budget by Country ...
By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago. The Treasury Department reported Thursday that the June defi...