Examlex
Define the following terms
-infer
Federal Budget Deficit
The shortfall when the government's expenditures exceed its revenues in a fiscal year.
National Debt
The total amount of money that a country's government has borrowed and still owes.
Government Expenditures
Government expenditures are the total amount spent by public entities on goods, services, and obligations, influencing economic activity and fiscal policy.
Tax Receipts
The income generated for a government through taxation, which can include revenue from individuals, corporations, and other taxes.
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