Economics Help!?
"The Fed government ran a December a budget surplus of $44.54 billion..."
What does that mean ? What is a budget surplus ?
Answer:
Surplus is when your income higher than your spending. Meaning the government got 44.5 billons $$ in savings for the month of December.
The govenment's budget is all his receipts (taxes, fees...) minus all his expenses (transfer, government's expenditures...)
In this case, there is a surplus that means his expenditures are less then his receipts. He has the capacity to spend more or/and to transfer more.
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What does that mean ? What is a budget surplus ?
Answer:
Surplus is when your income higher than your spending. Meaning the government got 44.5 billons $$ in savings for the month of December.
The govenment's budget is all his receipts (taxes, fees...) minus all his expenses (transfer, government's expenditures...)
In this case, there is a surplus that means his expenditures are less then his receipts. He has the capacity to spend more or/and to transfer more.
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