Policy Essentials: Deficits, Debt, and Interest. Deficits (or Surpluses)
Three budget that is important are deficits (or surpluses), debt, and interest. The federal budget deficit is the amount of money the federal government spends minus the amount of revenues it takes in for any given year. The deficit drives how much money the us government has got to borrow in every solitary year, even though the nationwide financial obligation may be the cumulative amount of cash the federal government has borrowed throughout our nation’s history; really, the web number of all federal government deficits and surpluses.