Examlex
Individuals from London or the United States are likely to touch people they are talking with more frequently than individuals from Paris or Puerto Rico do.
Government Spending
Expenditures made by the government of a country on collective needs and wants such as infrastructure, public safety, education, and healthcare.
Public Debt
Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.
Budget Deficits
The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.
Federal Budget Deficit
The shortfall when a government's total expenditures exceed its total revenue for a specific fiscal period, leading to borrowing or the depletion of reserves.
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