Topics
Budget Deficit
A budget deficit occurs when government spending is greater than tax revenues. Reducing the deficit can be achieved by tax increases or cuts in government spending or a period of GDP growth which brings about a rise in direct and indirect tax revenues.
See also
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4.5.1 Public Expenditure (Edexcel)
Study Notes
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2.2.4 Government Spending (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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The Debt Deficit Distinction
16th January 2017
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What's Happening With the Government's Finances?
7th March 2017
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Monetary and Fiscal Policies Revision Quiz
Quizzes & Activities
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Macro Revision - Aspects of Fiscal Policy
Teaching PowerPoints
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Ten Structural Problems Facing the UK Economy
Study Notes
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Perspectives on the 2021 Budget
4th March 2021
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The 2021 Budget at a Glance
3rd March 2021
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Fiscal Policy: How government spending in the UK is split
29th November 2020
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VAT cut - will firms lower prices for consumers?
17th July 2020
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The Government Game - Economic Simulation Activity
Quizzes & Activities
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Fiscal Policy: Government Spending
Topic Videos
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Fiscal Policy: The Budget Deficit
Topic Videos
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A Model Tax Rise? - Japan Lifts Sales Taxes
3rd October 2019
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Advantages and Disadvantages of a Budget Deficit
Topic Videos
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Fiscal Policy - Government Borrowing
Study Notes
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Cyclical and Structural Budget Deficits
Topic Videos
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Fiscal Policy - Causes of a Budget Deficit
Study Notes
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Fiscal Deficits and the National Debt
Topic Videos
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Focus on Productivity
23rd November 2017
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Budget 2017 - Micro and Macro effects
8th March 2017
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Video clip summaries of Osborne's March 2016 Budget
16th March 2016
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Five Years As Chancellor: How Has George Osborne Fared?
17th March 2015
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Key Decisions in the July 2015 Budget
9th July 2015
