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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.
Countercyclical
Economic policies or measures intended to mitigate the effects of recessions by stimulating economic activity during downturns.
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