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Budget Balance
The financial position where total revenues are equal to total expenditures within a given period, resulting in neither a surplus nor a deficit.
Government Debt
The total amount of money that a government owes to creditors, which can result from borrowing to cover its expenses.
U.S. Government Bond
A debt security issued by the United States government to support government spending.
Municipal Bond
A bond issued by a local government or territory, or one of their agencies. It is generally used to finance public projects such as roads, schools, airports, and infrastructure-related repairs.
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