Examlex
Of the many guidelines for effectively answering audience questions,which is the most basic and important?
Budget Deficit
A financial situation where government expenditures exceed its revenues.
Functional Finance
An economic theory asserting that government should finance its spending to meet explicit economic objectives, such as full employment, rather than aiming to balance budgets.
Budget Deficit
The financial situation where a government's expenditures exceed its revenues, leading to a shortfall that must be financed through borrowing.
Balanced Budget
A financial plan or budget where revenues are equal to expenditures, leaving no deficit or surplus.
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