What does it mean to say that the U.S. Government has a balanced budget?

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asked Feb 17, 2021 32.2k views

1 Answer

Adbo · Answer 1 · 2021-02-23T06:45:32+0000

Step-by-step explanation:

A balanced budget occurs when revenues are equal to or greater than total expenses. A budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded.

What does it mean to say that the U.S. Government has a balanced budget?

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