heinzbrie9611 heinzbrie9611

21-11-2022
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the city government spent $500 million more than it had in tax revenue this year. what would be the impact on the city's budget and national debt?

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tutorconsortium271 tutorconsortium271

24-11-2022

A budget deficit will have an influence on the government's budget and the national debt, causing the debt to rise.

What does "deficient" mean?

A deficit is the difference between what is required and what is expected, particularly the difference between total revenue and total expenditure. They are prepared to reduce the deficit in the government budget for the upcoming fiscal year.

What is an illustration of a deficit?

Deficits can relate to a variety of things, such as a trade deficit or a budget deficit (when you have more money than you expect to spend) (when you import more goods than you export). The budget deficit of the United States government is one instance of a deficit.

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