Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

In one or two sentences, explain how a government pays for expenses that are more than its revenues.

Sagot :

Serenaduong

Answer:

In most years, the federal government spends more money than it takes in from tax revenues. To make up the difference, the Treasury borrows money by issuing bonds. Anyone can buy Treasury bonds, and, in effect, lend money to the Treasury by doing so.

Explanation:

Answer:

It is also possible to add that governments pay for their expenses by borrowing money from a wide diversity of people, both domestically and internationally, known as "the public," as well as from local governments and domestic investors, among others.

Explanation:

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.