Economics 101: Budget Deficit | SterlingTerrell.net

Economics 101: Budget Deficit

In economics, what is referred to as Budget Deficit?

Budget Deficit is the money short after all government monetary inflows, and outflows are accounted for.

(Gov. Receipts) - (Gov. Spending) = Budget Surplus or Budget Deficit

You know government though.

A Budget Deficit is usually the case.

You could call a Budget Surplus a unicorn of macroeconomics.