Fiscal deficit | Topics | tutor2u Economics

A government’s fiscal (or budget) deficit is the difference between its spending and income from taxes and other revenues. A “large deficit” implies that state sector spending substantially exceeds tax revenues in a given year.

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  • In this activity students are appointed Chancellor of small country and must present their budgetary choices. They have a choice of running a budget surplus, budget deficit or even a...

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    Fiscal Budget Time
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