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Budget (billions $) FY Reference Budget per capita (in $) S&P Credit rating in January 2017 Alabama: 32.1 2019 6,577 AA Alaska: 8.3 2020 11,254 AA+ Arizona: 43.4 2020 6,050 AA Arkansas: 31.8 2018 10,585 AA California: 214.8 2019-20 5,430 AA- Colorado: 35.5 2019-20 6,236 AA Connecticut: 21.5 2020 More @Wikipedia
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- Budget Deficit: Definition, Causes, EffectsA budget deficit is when spending exceeds income. The term applies to governments, although individuals, companies, and other organizations can run deficits. A deficit must be paid. If it isn't, then it creates debt. Each year's deficit adds to the debt. As the debt grows, it increases the deficit in two ways.
- US Budget Deficit History - ThoughtCoThe opposite of a budget deficit, a budget surplus, occurs when the government’s revenue exceeds current expenditures resulting in an excess of money that can be used as needed. In fact, the government has recorded budget surpluses in only five years since 1969, most of them under Democratic President Bill Clinton .
- Here's how a $54 billion deficit will hurt ... - CalMattersThe $54 billion deficit is driven by three factors: $41 billion in revenue loss, $7 billion increase in health and human services programs, mainly Medi-Cal, the state’s health program for the poor, and about $6 billion in additional spending, mainly driven by the state’s response to COVID-19.
- Current U.S. Federal Budget Deficit: Causes, EffectsKey Takeaways A budget deficit happens when a government spends more than its revenues. Deficits can be decreased or nullified by raising taxes and curbing government spending. Deficit differs from debt in that it refers to the yearly fiscal budget. A build-up of annual budget deficits leads to... ...
- U.S. budget deficit will expand to almost $4 trillion this ...The CBO chief said the budget deficit would hit a nominal record of $3.7 trillion, well above the $1.413 trillion seen in 2009. The impact of the sharp drop in output on the government’s bottom ...
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