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Explain the surplus and deficit budgeting system.

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situation where the spending of a government exceeds its income during a certain period.;In a surplus budgeting system, government receipts exceed outlays. This difference between the receipts and outlays is primarily used to reduce government debt. A budget surplus can also allow government to increase programmatic spending. Substantial government sending is likely to boost the

 

Paper#64177 | Written in 18-Jul-2015

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