Many communities today are concerned with their local government’s ability to appropriately manage the taxes it collects. if a government spends more money on expenditures than it collects in taxes, it may end up with not enough money, called deficit. which of the following could result in a county government budget in deficit?

a deficit impacts directly in the capability of investment from private companies, which reduces the production of goods and services and also, diminishes the acquisitive power of the average family.

by spending more money than it collects, the government is in debt, plain and simple. it will have to pay what it owes and for that to happen, either the government will have to collect the same amount of money and spend way less, or worse, it will have to spend less and collect even more money.

that means more taxes and less public services as well.

united states federal government's total income for the fiscal year 2012 is $2.469 trillion while its corresponding expenditures amount to $3.796 trillion.

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