Terms Beginning With 'b'

Budget Deficit

  • January 11, 2020
  • Team Kalkine

A budget deficit is a situation where expenses exceed earnings. The term is applied to individual, companies, organisation and government. If a deficit is not paid, it creates a debt. For a country, If the government wishes to reduce its budget deficit, it may have to increase revenue activities or reduce certain expenditures or do both.

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