The relationship between the federal budget and national debt is that when there is a federal deficit, national debt increases and when there is a surplus, debt decreases.
How does the federal budget relate to the national debt?
When there is a federal deficit, it means that the government has to borrow money to fund the budget. This would lead to an increase in national debt.
When there is a federal budget surplus, the government would have more than it needs to spend and will most likely try to pay off some debt which would reduce national debt.
Find out more on federal budget surpluses at https://brainly.com/question/1757253.
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