Multiple choice

When a government spends more than its revenue collection, such excess is referred to as

  1. Budget deficit

  2. Fiscal deficit

  3. Revenue deficit

  4. Primary deficit
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A budget deficit occurs when a government's total expenditures exceed the total revenue it collects within a specific period. While related to fiscal and other deficits, the broad term for spending more than revenue is a budget deficit.

Keep practicing — related questions