A budget deficit is the economic condition that arises when government expenses surpass its revenues.
A budget surplus occurs when income exceeds expenditures, leading to additional funds for investment or debt management.
The Current Account: Tracking a Nation's Trade, Investments, and Transfers.
Deficit Spending: When Your Budget is Thinner Than Your Favorite New Year’s Resolutions!
Understanding the economics behind spending more than earned.
A revenue deficit occurs when actual net income falls short of projected net income.
Understanding the trade deficit and its implications on the economy.
