Double deficit (economics)
id:
double-deficit-economics-283-3529798
title:
Double deficit (economics)
text:
A country's economy has a double deficit when it is operating in deficit on two important metrics:
the government budget balance and the current account. A deficit in the government's budget balance means that the government is spending in excess of taxation revenue and the deficit is made good by borrowing, which adds to the national debt. While borrowing for investment purposes is generally seen as wise, to do so to fund routine recurrent expenditure is not. A country's current account records
brand slug:
wiki
category slug:
encyclopedia
description:
Both national budget and current account in deficit
original url:
https://en.wikipedia.org/wiki/Double_deficit_(economics)
date created:
date modified:
2022-10-01T15:30:46Z
main entity:
{"identifier":"Q113659173","url":"https://www.wikidata.org/entity/Q113659173"}
image:
fields total:
13
integrity:
14