Study Notes
Fiscal Policy - Government Borrowing
- Level:
- AS, A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 4 Jul 2018
When a government's tax revenues are insufficient to pay for a given level of state spending then a nation must borrow to make up the difference, this is a budget deficit. Governments often find that they have to borrow to finance their spending
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