Question

Interest on the national debt is a major expenditure for the federal government which indicates that the federat government does not value the other categories of expenditure as much. Trust twin to state governments to borrow to finance its deficits. spends more than it receives in revenue forcing it to borrow to finance as deficits: spends less than it recelves in revenue forcing it to borrow to finance its deficits. Need helpt Review these concept resources.

Answer 1

spends more than it receives in revenue forcing it to borrow to finance its deficits

Step-by-step explanation: