168k views
19 votes
In one or two sentences, explain how a govemment pays for expenses that are more than its revenues.

1 Answer

10 votes

borrows money by issuing bonds

bonds are sometimes backed by things like tolls and feed for things like bridges & tunnels

raises taxes

raises fees for things tariffs and passports etc

User Tomha
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.