0
there is a budget surplus
MeGustaCulo
Add your answer:
Earn +20 pts
What is it called When tax revenues exceed expenditures?
Budget Surplus
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
When revenues exceed expenditures the government has a?
a big fat in the red( deficet )not sure how to spell it
Which US state is most profitable?
Alaska is the only profitable US State. Revenues exceed expenditures. Governor Palin is responsible for this.
Why does the federal government's debt go up every year?
because expenditures exceed revenues, currently by about $1 trillion/year
What is the difference between capex and revex?
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
Net income will result during a time period when?
revenues exceed expenses.
Is it good for the US to have a deficit and why?
NO! a deficit means that the US's expenditures exceed their revenues (money earned from taxes). If the deficit cant be closed at the end of the fiscal year the deficit becomes a Debt.
When government revenues and expenditures are equal there is?
A balanced budget
When revenues equal expenditures the government budget is?
Cyclical.╓­­­■Taxen■╖
What is the basic principle of tax system?
To generate revenues to pay for government expenditures.
Which describes a budget in which expenditures exceed revenue?
budget deficit
