The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget _ of s _ million.

Question

Cody Carroll

Business

4 January, 13:22

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget _ of s _ million.

+5

Answers (1)

Know the Answer?

Madden Fritz · Answer 1

Check the following calculations

Explanation:

Last year, the government had a budget deficit of $100 million.

Government expenditure = $495 million + $416 million = $911 million.

Government revenue = $811 million

Government budget deficit = government expenditure - government revenue

= 911 - 811 = $100 million

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget ___ of s ___ million.

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget _ of s _ million.