By definition,a government budget deficit is the situation that occurs when the

Question

Quizplus · Accepted Answer

A government budget deficit occurs when the government is spending more money on its programs, services or projects than it is receiving in revenue from taxation, causing a shortfall or deficit in the budget. It is not directly related to miscalculation of taxes, spending on non-revenue producing items or the economy going into a recession (although a recession can contribute to a budget deficit if government revenue falls due to a decrease in economic activity).

By Definition,a Government Budget Deficit Is the Situation That Occurs