The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget _ of s _ million.

Question

Business

Trenton Velazquez

1 January, 14:53

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget _ of s _ million.

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Answers (1)

Know the Answer?

Lola Oliver · Answer 1

Check the following calculations

Explanation:

Last year, the government had a budget deficit of $100 million.

Government expenditure = $495 million + $416 million = $911 million.

Government revenue = $811 million

Government budget deficit = government expenditure - government revenue

= 911 - 811 = $100 million

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget ___ of s ___ million.

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget _ of s _ million.