A balanced budget
Usually a lot less. A substantial part of their income is in the form of grants from Central Government.
Actually it is the change in the equilibrium expenditure divided by the change in autonomous expenditure. That will equal the expenditure multiplier.
Revenues topped $16 million in 1979
Savings.
revenues (income) and expenses
Cyclical.╓­­­■Taxen■╖
To calculate a government's operating surplus or deficit, subtract total government expenditures from total government revenues. If revenues exceed expenditures, the result is an operating surplus; if expenditures exceed revenues, it results in a deficit. This calculation typically includes only current operating revenues and expenses, excluding capital expenditures and revenues. The formula can be expressed as: Operating Surplus/Deficit = Total Revenues - Total Expenditures.
a balanced budget
To generate revenues to pay for government expenditures.
a big fat in the red( deficet )not sure how to spell it
Usually a lot less. A substantial part of their income is in the form of grants from Central Government.
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
When the government has an excess of expenditures over revenues, it is said to have a budget deficit. This situation occurs when the government spends more money than it collects through taxes and other revenues. A budget deficit can lead to increased borrowing and may have implications for fiscal policy and economic stability. Over time, persistent deficits can contribute to a growing national debt.
because expenditures exceed revenues, currently by about $1 trillion/year
yes it exceeds.
Budget Surplus