When the government's outlays equal its tax revenue,the budget

Name: When the government's outlays equal its tax revenue,the budget
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When the government's outlays equal its tax revenue, the budget is balanced, which means there is no deficit. If the government's outlays exceeded its tax revenue, then the budget would have a deficit, and the national debt would increase. If the government's tax revenue exceeded its outlays, then the budget would have a surplus, and the national debt would decrease.

When the Government's Outlays Equal Its Tax Revenue,the Budget