Economics
Student Videos
Fiscal Deficits and the National Debt
- Level:
- AS, A Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 1 Apr 2018
This short video explains the difference between government borrowing (the fiscal deficit) and the accumulated level of government debt drawing on data from the UK and other countries.
The National Debt
The national debt is the accumulated value of the fiscal deficits and surpluses which the Government run each year
Government borrowing
The level of government borrowing is the difference between government spending and income in a given year
It is possible for borrowing to fall whilst the National debt continues to rise.
-
7
Revision Flashcards for A Level Economics Students
Resource Collection
You might also like
What's Happening With the Government's Finances?
7th March 2017
The Debt Deficit Distinction
16th January 2017
Economic Growth and the Budget Deficit - Chains of Reasoning
Student Videos
Evaluating the effects of rising national debt
Student Videos
UK Economy Update 2019: Monetary and Fiscal Policy
Student Videos
Fiscal Policy - Government Borrowing
Study Notes
Fiscal Policy in the UK - Key Facts in 2018
Student Videos
Recommended
Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams