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Debt and Deficit

Debt and Deficit. -Borrowing money affects both debt and deficit -Budget deficits add to debt -Debt and deficit contribute to unbalanced budgets. Debt -The sum of all the government borrowing up to that time, minus the borrowings that have been repaid -The total of all deficits

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Debt and Deficit

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  1. Debt and Deficit -Borrowing money affects both debt and deficit -Budget deficits add to debt -Debt and deficit contribute to unbalanced budgets Debt -The sum of all the government borrowing up to that time, minus the borrowings that have been repaid -The total of all deficits and surpluses Deficit -The amount of money the government borrows for one budget, representing one fiscal year -Can rise or fall because of forces beyond the government’s control

  2. Debt and Deficit • -Borrowing money • - • -Debt and deficit Debt -The of all the government up to that time, minus the that - • Deficit • -The amount of • the government • for one , • representing • -Can because • of forces the • government’s

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