# Economy

By [Untitled](https://paragraph.com/@0x3f755dbcc2f94e43e7cbfba8ac66fb711c9082d0) · 2024-05-15

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**Budget Deficit**: A budget deficit happens when a government's expenditures surpass its revenues, leading to borrowing or debt accumulation.

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*Originally published on [Untitled](https://paragraph.com/@0x3f755dbcc2f94e43e7cbfba8ac66fb711c9082d0/economy)*