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Fiscal Policy - Causes of a Budget Deficit

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC
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Governments in many countries run persistent annual fiscal deficits. A budget deficit occurs when tax revenues are insufficient to fund government spending, meaning that the state must borrow money, usually in the form of government bonds.

Revision video: Key Causes of Cyclical and Structural Budget Deficits

Cyclical and structural budget deficits - revision video
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