A ________ budget occurs when total revenues raised by taxes and fees equal the total government spending for the year.

Name: A ________ budget occurs when total revenues raised by taxes and fees equal the total government spending for the year.
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Question

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A balanced budget occurs when total revenues raised by taxes and fees equal the total government spending for the year. No extra funds are left over, nor is the government forced to borrow money to cover its expenses.

A ________ Budget Occurs When Total Revenues Raised by Taxes