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Governments issue bonds for both short-term and long-term needs for cash. It's common for a government's revenues to fluctuate (for example, a large chunk of revenue may come in shortly before an annual tax deadline) and not coincide with when bills must be paid. So, short-term bonds can be used to raise cash to pay bills that arise before the revenue is received, while long-term bonds might be used to finance a deficit.

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Q: Are government bonds issued to finance the budget deficit?
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