What's it: A government budget is a government's planned expenditures and revenues over a specific period, usually one year. Government revenue
Government Budget
Budget Deficit: Formulas, Causes, and Effects
What's it: A budget deficit means expenditure exceeds income. While it is common to refer to government budgets, the term also applies to
Automatic Stabilizers: Examples and How They Work
What's it: Automatic stabilizers are countercyclical fiscal tools. They moderate economic fluctuations without direct government intervention.
Government Expenditure: Components and Effects on the Economy
What's it: Government expenditure refers to the money the government spends on goods and services or other items. Examples are expenditures on
Structural Budget Deficit: How it Works and Its Implications
What's it: A structural budget deficit is when government spending exceeds government revenue, and it persists throughout
Autonomous Expenditure: Formula, Components, Determinants
What's it: Autonomous expenditure is unaffected by income level. In other words, they will still exist even if the income equals zero. Spending
Net Tax in Macroeconomics: Formula, Effects on the Economy
What's it: Net tax equals government tax revenue after deducting transfer payments. It represents the remaining revenue to finance government