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Which president presided over the LARGEST budget deficit in any single year?
Wiki User
∙ 9y ago
President Barack Obama has presided over the largest budget deficit in any single year. He has presided over five of the largest in history. His highest was at $1.296791 trillion in 2011.
Wiki User
∙ 9y ago
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Who was the president when the budget deficit was 4 trillion?
George W. Bush
Which latitudinal region has the largest heat budget deficit?
17 degrees south
What led to the largest US budget deficit in the 1980's?
High military spending and tax cuts.
Is Government operating balance and Budget deficit the same thing?
sorry not Budget deficit... budget balance
What is a budget deficit?
A budget deficit is when the finances of a something exceeds its revenue. This basically means they have spent too much money.
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
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.
Definition of budget deficit?
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
What is primary deficit in a budget?
Primary deficit=Fiscal deficit-[minus] Interest payments
Why did the budget deficit rise during the Reagan presidency?
The federal deficit rose significantly during the Reagan administration. Ronald Reagan was the 40th U.S. President, serving from 1981 to 1989.
Can you make a sentence with Budget deficit?
The government was under pressure to raise more taxes due to the budget deficit they had.
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
Who pays for the budget deficit talked about in the budget speech?
Taxpayers
