The current deficit is
A)the deficit plus net interest payments.
B)current expenditures minus tax revenues.
C)outlays minus tax revenues.
D)the deficit minus depreciation.

Question

Quizplus · Accepted Answer

The current deficit is defined as current expenditures minus tax revenues. This measures the shortfall between what the government spends in a given period and what it collects in taxes, excluding capital expenditures and revenues.

The Current Deficit Is