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Essay text:
The three possible budget outcomes include a:
? Balanced budget which occurs when the government's expenditure equals the government's revenue.
? Deficit budget occurs when the government's expenditure is more than the government's revenue.
? Surplus budget occurs when the government's expenditure is less than the government's revenue.
By deliberate or discretionary changes to the structure of the federal government's revenue and expenditure components, it can be used to alter the level of economic growth and activities, inflation, unemployment and external stability in the coming and future years...
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Common topics in this essay:
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