Examlex
Match each description with the item below.
-John
C. Calhoun
National Debt
The overall monetary liabilities that a country's government has incurred by borrowing from diverse sources.
Budget Deficit
The financial situation where a government's expenditures exceed its revenues within a specific period.
National Debt
National debt is the total amount of money that a country's government has borrowed, typically as a result of budget deficits, through the issuance of securities like government bonds.
Annually Balanced Budget
A budgeting approach where the government's projected revenues and expenditures are equal within a one-year period.
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