Question

when the government spending exceeds the tax revenue it is known as​

Answer 1

Answer:

when the government spending exceed the tax revenue it is known as deficit.

Answer 2

When the government spending exceeds the tax revenue it is known as​ deficit budget.

• When the administration imposes more public spending on governmental programs than it receives in income, this is referred to as a deficit budget.
• When a authorities' outlay exceeds its tax revenues, the authority's price range is stated to be in deficit; deficit spending is while authorities' spending exceeds tax receipts.
• Typically, governments problem bonds to cowl their deficits. They may be bought via way of means of the country's important financial institution thru open marketplace operations.
• Otherwise, the issuing of debt, internet cost withinside the personal sector, debt repayment (hobby payments), and costs of hobby might also additionally enhance the extent of public debt.