When government receipts exceed total government spending during a fiscal year,what is the difference

Question

Quizplus · Accepted Answer

A budget surplus occurs when the government receives more money than it spends in a fiscal year. This means that the government has extra money that it can use to pay off debt, invest in infrastructure, or provide tax cuts or other benefits to citizens. A budget surplus is generally considered to be a positive development, although some economists argue that it can also cause inflation if the extra money is not used wisely.

When Government Receipts Exceed Total Government Spending During a Fiscal