Examlex
MATCHING
-actual cause and legal cause
Budget Enforcement Act
Legislation intended to enforce strict budgetary controls on federal spending, aiming to reduce the fiscal deficit.
Budget Deficit
A budget deficit occurs when a government's expenditures exceed its revenues over a specified period, leading to borrowing or the use of saved reserves to meet the shortfall.
Government Budget Deficit
occurs when a government's expenditures exceed its revenues, leading to borrowing or debt accumulation.
U.S. Treasury
The government department responsible for managing federal finances, including issuing currency and managing public debt.
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