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When a government collects more revenue in one year than it spends, there is a budget?

When a government collects more revenue in one year than it spends, there is a budget?
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When a government collects more revenue in one year than it spends, there is a budget?

User Steve Hollasch
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1 Answer

2 votes
Hey :)

There is a budget deficit. This is when expenditures exceed revenues
User Mario A
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