As a result the shortfall budget causes aggregate demand to fall. A budget surplus occurs when income exceeds expenditures. U S Government Budget Surplus By Quarter 2021 Statista A federal budget surplus. . It is rarer than a unicorn. Government revenue exceeds outlays. A federal government would have budget surpluses if total tax revenues are more than the government spending. Government spending covers a range of services provided by the federal state and local governments. This is federal spending that is included in a budget if Congress wishes. Learn vocabulary terms and more with flashcards games and other study tools. A budget surplus is more beneficial to a government. Government outlays exceed revenue. There is a surplus budget if tax receipts exceed spending by the government. A balanced budget occurs when the amount the government spends equals the amount the government collects....
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