The national debt, also referred to as the public debt, represents the total amount of money that a
Tag: government budget
government budget surplus
A government budget surplus occurs when a government’s total revenue exceeds its total expenditures over a given period,
government budget deficit
A government budget deficit occurs when a government’s expenditures exceed its revenues over a specific period, typically a
government budget
A government budget is a financial plan outlining a government’s projected revenues and expenditures over a defined period,