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What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
What is a budget called when you spend no more than you have?
The Federal Government's Budget.
How is surplus created?
A budget surplus occurs when a person receives more money than they were planning to spend. The surplus could be saved, invested or put towards a larger purchase.
US president to be in office when the government had a budget surplus was?
The government had a surplus during some of Hoover's years in office . There was a 12-month period during which there was a surplus under Clinton . Of course, Congress controls the budget, the President can only make suggestions but sometimes he can spend less than he was authorized to spend by Congress.
What is deficet spending?
Deficit spending is the opposite of budget surplus. It means spending more money than you have - going into debt.
Is budget deficit a type of budget?
A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the government is going to spend over the next budget period (often a year), and on what. This includes interest the government has to spend on money it has previously borrowed (usually through bonds). If the total to be spent is expected to exceed what the government expects to take in (usually through taxes), the difference is the deficit, often called the "budget deficit". On the other hand, if the government expects to take in more money than it spends, the difference is a surplus, called the budget surplus. A budget that has a deficit is a "deficit budget"; one that has a surplus is called a "surplus budget"; and one that has neither (that is, spending and income are equal) is called a "balanced budget". It's worth noting that "deficit" and "debt" are not the same. The deficit is the amount by which the government overspends its income in a single budgetary period, typically a year. The debt is the total amount of money the government owes, and can be calculated by adding up all the budget deficits and surpluses the government has ever run.
What are democratic beliefs on federal budget?
The Republicans spend now and pay later. They borrow money to spend now. Democrats tax for money to spend now. It is called "pay as you go" by Democrats and "Tax and Spend" by Republicans who are "Borrow and Spend" players.
Do people like the fact that the government of US spend so much money on space exploration?
NASA's total budget in 2009 was roughly 1/2 of 1 percent of the federal budget. Just like every other item in the federal budget, some people like it, and others don't.
What is an antonym for budget?
An antonym for budget is spend
What does budget mean?
A budget is where you have a certain amount of money that you have to spend and you cant go above your budget.
How do you calculate percentage of budget if have budget and spent?
to workout the effective relationship its budget/spend*100 = %. Where the % is 100 or less this means you are at or under budget (on budget is the target aimed for) where the % is greater than 100 you are spend is OVER budget.
What did president bush spend the surplus on?
the war against terror
