When there is a balance of payments deficit it means government spending is more than government revenue

Name: When there is a balance of payments deficit it means government spending is more than government revenue
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A balance of payments deficit occurs when a country imports more goods, services, and capital than it exports, and is not directly related to the difference between government spending and government revenue, which pertains to fiscal policy and budget deficits.

When There Is a Balance of Payments Deficit It Means