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What is the imbalance caused by the government spending more than it collects through revenue called?

  1. A
    Public deficit
  2. B
    Market deficit
  3. C
    Government deficit
  4. D
    Budget deficit

Solution & Step-by-step Explanation

A budget deficit occurs when total government expenditure exceeds the total revenue collected (excluding borrowings) during a specific financial period.

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Try it yourself before checking the explanation above.

What is the imbalance caused by the government spending more than it collects through revenue called?
A
Public deficit
B
Market deficit
C
Government deficit
D
Budget deficit

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BudgetFiscal PolicyPublic Finance

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