In contrast to the national debit,the term __________ refers to an annual cycle accounting of a government entity's excess spending over the amount of revenues it takes in during a given fiscal year.

Question

Quizplus · Accepted Answer

The term that fits the definition of "an annual cycle accounting of a government entity's excess spending over the amount of revenues it takes in during a given fiscal year" is budget deficit. The national budget refers to the plan that outlines a government's anticipated revenues and expenses, whereas debt refers to the cumulative amount of money a government owes. Currency transfer and financial risk are not directly related to this specific concept.

In Contrast to the National Debit,the Term __________ Refers to an Annual