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Does deficit occur when expenditures exceed revenues?
yes it exceeds.
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
Deffrentiate between surplus and deficit?
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
What do you mean by fiscal deficit?
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.
What is it called When tax revenues exceed expenditures?
Budget Surplus
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
When revenues exceed expenditures, _____.?
there is a budget surplus
Why does the federal government's debt go up every year?
because expenditures exceed revenues, currently by about $1 trillion/year
When government revenues and expenditures are equal there is?
A balanced budget
When revenues equal expenditures the government budget is?
Cyclical.╓­­­■Taxen■╖
What is the basic principle of tax system?
To generate revenues to pay for government expenditures.
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
What is the situation called when the federal government’s revenues equal its expenditures in any particular year?
a balanced budget
Deffrentiate between surplus and deficit?
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
What is the difference between capex and revex?
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
Net income will result during a time period when?
revenues exceed expenses.
