A budget deficit can lead to more borrowing thereby impacting on the national debt
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deficit financing adds to public debt because it is regularly spending more than it takes in each year-and then borrows to make up the difference.
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At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
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No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.