Question

What is surplus and dificit

Answer 1

Explanation:

A deficit occurs when the government spends more than it taxes; and a surplus occurs when a government taxes more than it spends. ... A budget surplus means the opposite: in total, the government has removed more money and bonds from private holdings via taxes than it has put back in via spending.

Answer 2

Answer:

A deficit occurs when the government spends more than it taxes;

A surplus occurs when a government taxes more than it spends.