There used to be these 2 more type which have been now
abolished
4. Budget Deficit
5. Monetised Deficit
~wt.what@gmail.com
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sorry not Budget deficit... budget balance
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A budget deficit is when the finances of a something exceeds its
revenue. This basically means they have spent too much money.
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fiscal deficit: not enough money budget deficit: not as much
money as you had planned to have in your budget revenue deficit:
not enough money coming in trade deficit: you are spending more
money on imports than the amount of money which you receive for
your exports.
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If the revenue is less than the expenditure, a budget is said to
be in deficit.