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28 July, 09:32

What is a budget deficit?

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Answers (2)
  1. 28 July, 09:35
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    A budget deficit occurs when an individual, business or government budgets more spending than there is revenue available to pay for the spending, over a specific period of time. Debt is the aggregate value of deficits accumulated over time.

    ^ these are not my own words, credit to google for this definition
  2. 28 July, 09:58
    0
    Opposite of a budget surflus
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