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What is DBMS?
Budget Deficit
The financial situation where an entity’s expenditures exceed its revenues.
Government Spending
The total amount of public funds that a government expends on various national and regional needs, including infrastructure, education, defense, and welfare.
Nondiscretionary Fiscal Policy
Government fiscal policies that are automatic stabilizers, such as taxation and welfare spending, which work without specific government intervention.
Automatic Stabilizers
Economic strategies and initiatives aimed at stabilizing a country's economic fluctuations without further action from the government or policy makers.
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