Grade Booster student workshops are back in cinemas for 2022. Learn more

Economics

Study Notes

Fiscal Policy - Causes of a Budget Deficit

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

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

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.