The amount of money spent by the government over and above what it collects in taxes and other revenue in a single year is referred to as

Name: The amount of money spent by the government over and above what it collects in taxes and other revenue in a single year is referred to as
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A budget deficit occurs when a government spends more money than it collects in revenue during a single year. This creates a shortfall that must be financed through borrowing or other means.

The Amount of Money Spent by the Government Over and Above