Answer:
False.
Minimal government deficits are generally associated with lower levels of government borrowing and debt accumulation, which can help reduce the risk of a foreign debt crisis.
A foreign debt crisis typically occurs when a country is unable to repay its foreign debts, which can be caused by a variety of factors such as large and persistent trade deficits, high levels of government borrowing and debt, and macroeconomic imbalances. However, it is not true that minimal government deficits are an underlying cause of a foreign debt crisis.
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