Question

The accumulation of years of spending more money than is collected in revenues over several years creates a budget

O debt
O deficit
Osurplus
Oreversal

Answer 1

B

Step-by-step explanation:

Deficit

Answer 2

deficit

Step-by-step explanation:

Indeed, when a government accumulates years of spending more money than is collected in revenues a deficit budget is created as result.

For example, the United States is estimated to have a national debt of about 27 trillion dollars; meaning it has incurred expenses worth more than the total revenues gotten in the country for years. In other to prevent or go out from a deficit budget, more revenue-generating sources needs to be created in the economy so the country can operate a balanced budget.