Causes of Governmental Budget Deficits - Deepstash
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

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