Examlex
List and discuss the bases of formal power.
Tax Receipts
The total collected income from taxes by a government during a specified period.
Public Debt
The total amount of money that a government owes to creditors, both domestic and foreign, also known as national or government debt.
Federal Budget Deficit
The federal budget deficit occurs when a government's expenditures exceed its revenues within a fiscal year, leading to borrowing or debt accumulation.
Federal Budget Surplus
A situation in which the government's revenue exceeds its expenditures during a fiscal year.
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