a big fat in the red( deficet )not sure how to spell it
To calculate a government's operating surplus or deficit, subtract total government expenditures from total government revenues. If revenues exceed expenditures, the result is an operating surplus; if expenditures exceed revenues, it results in a deficit. This calculation typically includes only current operating revenues and expenses, excluding capital expenditures and revenues. The formula can be expressed as: Operating Surplus/Deficit = Total Revenues - Total Expenditures.
yes it exceeds.
The federal government purchases exceed net taxes.
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
Budget Surplus
yes it exceeds.
there is a budget surplus
because expenditures exceed revenues, currently by about $1 trillion/year
A balanced budget
To generate revenues to pay for government expenditures.
Cyclical.╓­­­■Taxen■╖
The federal government purchases exceed net taxes.
a balanced budget
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
revenues exceed expenses.