Under what circumstances does a federal budget surplus occur?

Question

Quizplus · Accepted Answer

A federal budget surplus occurs if government net taxes, which is the difference between taxes collected and government purchases or spending, exceed purchases. This means that the government is bringing in more revenue than it is spending, resulting in a surplus. It is not related to periods of deflation or inflation, or the relationship between aggregate demand and aggregate supply.

Under What Circumstances Does a Federal Budget Surplus Occur