The government takes in $100 million in taxes, but has an obligation of $120 million in government services to provide. what is this an example of

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Business

Orlando Russell

6 March, 03:55

The government takes in $100 million in taxes, but has an obligation of $120 million in government services to provide. what is this an example of

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Answers (2)

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Bird · Answer 1

it is an exsample of what the governement is doing they are takeing taxes so they can pay there taxes that what i think not to be funny tho but id thats not right then it is because it is because the government has more power so i will just take taxes without asking or leting them know

Zachery · Answer 2

Deficit budget

Explanation:

Taxes are a form of generating income by governments all over the world to fund expenditure (both recurrent and capital).

Where the revenues generated are more than the expenditure, the budget is said to be surplus.

When it is the other way that is, the expenditure is more than the revenue, it is said to be a deficit budget.

As such, where government takes in $100 million in taxes, but has an obligation of $120 million in government services to provide, this is said to be a deficit budget.