If you follow financial news media at least occasionally, you'll hear about budget deficits and budget surpluses all the time.
Frankly, it's fairly unlikely to listen to an economic news bulletin and not come across budget deficits and/or surpluses at least once.
But what are these deficits and surpluses?
Why should you care about your country's budget deficit and be worried about it? The same way, why should you celebrate if you found out about your country's budget surplus, however unlikely that might be?
In one minute, I've defined, explained as well as compared budget surpluses as well as budget deficits so as to help you answer these questions and (hopefully) more.
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