A government deficit occurs when public expenditures are greater than revenues. Running a deficit essentially means that the government resorts to borrowing as to maintain higher spending without increasing taxes. This leads to the accumulation of public debt. This entry presents some theoretical explanations for the government deficit and discusses the main features of deficit control systems
Guarini, E. (2016). Deficit control. In A. Farazmand (a cura di), Global Encyclopedia of Public Administration, Public Policy, and Governance (pp. 1-11). Springer International Publishing [10.1007/978-3-319-31816-5_2317-1].
Deficit control
GUARINI, ENRICOPrimo
2016
Abstract
A government deficit occurs when public expenditures are greater than revenues. Running a deficit essentially means that the government resorts to borrowing as to maintain higher spending without increasing taxes. This leads to the accumulation of public debt. This entry presents some theoretical explanations for the government deficit and discusses the main features of deficit control systems
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