What Is a Budget Deficit? Deficit Causes & Solutions - Deepstash
Getting started with Cryptocurrency

Learn more about moneyandinvestments with this collection

Understanding the basics of cryptocurrency

How to store cryptocurrency securely

Risks and benefits of investing in cryptocurrency

Getting started with Cryptocurrency

Discover 84 similar ideas in

It takes just

13 mins to read

Defining Budget Deficits

Defining Budget Deficits

When you spend more than you earn and the total amount of money that you're spending turns out to be more than the amount that you're brining in causes a budget deficit.

For example, if you spend $100 per week but earn less than that every week, that's a budget deficit. In addition, should you continue this kind of excessice spending, you will likely end up in debt.

Budget deficits can happen in both small and large scales (individual - nations).

9

47 reads

The Causes of a Budget Deficit

The Causes of a Budget Deficit

The main cause of a budget deficit is: spending more than what you're making!

However, when it comes to large scale-spending, like how the government spends, it can be difficult to track due to low taxes and high spending.

8

24 reads

Causes of Governmental Budget Deficits

Causes of Governmental Budget Deficits

  • Tax cuts (these decrease revenue)
  • Low Gross Domestic Product (GDP - the money that's being made in the country; it means that we're not making enough money domestically)
  • Poorly-designed tax structures that under-tax high-earners and over-tax low-earners
  • Excessive spending on certain governmental programs
  • High amount of spending for subsidies to various industries

8

16 reads

Reducing Budget Deficits with Governments

Reducing Budget Deficits with Governments

In order to reduce the budget deficits that's happening with the government, they can do the following:

  • Increase the taxes, particularly on the wealthy, as advocated by a large group in order to increase federal revenue therefore offsetting the deficit.
  • Stimulate economic growth. It can be tricky because cutting taxes increases growth however we need to raise the taxed to maintain revenue.
  • Reduce spending on certain government programs. Some are advocating to reduce spending on social programs while others, military spending. 

8

11 reads

Guarding Against Budget Deficits

Guarding Against Budget Deficits

  • Keep tabs on how much money you earn each month. It's important to know how much you make so that you'll be able to plan out your expenses.
  • Make a checklist of your monthly expenses, down to the penny; and
  • Allocate budgets to spend for certain matters that match your income.

8

17 reads

CURATED BY

thomgutie

Academic librarian

More like this

Budget Definition

7 ideas

Budget Definition

investopedia.com

How to Set Up a 50/20/30 Budget

3 ideas

How to Set Up a 50/20/30 Budget

twocents.lifehacker.com

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates