A budget surplus can be used to cut taxes or pay off old debt.
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Q117: The In the News article in the
Q118: Most developed countries experience deficit spending.
Q119: Refer to Figure 12.1.An increase in government
Q120: Interest on the government debt is an
Q121: External financing allows the economy to consume
Q123: Because the government must pay interest on
Q124: Debt servicing refers to the repayment of
Q125: The government finances the deficit by borrowing
Q126: Externally held debt refers to that part
Q127: Eventually,external debt must be repaid with the
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