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Salary central government jobs list. Budget deficit is an important phenomena in fiscal policy. Thus it is distinct from government debt which is a stock variable since it is measured at a specific point in time. What is budget deficit.
Where annual expenses of a budget exceeds the annual income of the budget then it is known as budget deficit indicating financial unhealthiness of a country which can be reduced by taking the attempts of different measures like reduction of revenue outflow and increasing revenue inflow. Budget surplus is the amount by which a governments income which primarily comes from taxes and duties exceeds its total expenditures such as defense social security science energy and expenditure on infrastructure etc. Budget surplus is a situation opposite to a budget deficit ie.
In a budget surplus a governments income exceeds its total expenditures. The government budget surplus or deficit is a flow variable since it is an amount per unit of time typically per year.
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