there is a budget surplus
Budget Surplus
yes it exceeds.
a big fat in the red( deficet )not sure how to spell it
because expenditures exceed revenues, currently by about $1 trillion/year
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
revenues exceed expenses.
A balanced budget
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.
To generate revenues to pay for government expenditures.
Cyclical.╓­­­■Taxen■╖
budget deficit
The federal government purchases exceed net taxes.