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10-03-2016
Social Studies

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The government experiences a budget surplus when its tax revenue exceeds its expenditures.

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WorldCitizen WorldCitizen

10-03-2016

Yes, this is true.

The money that the government receives comes mostly from taxes (but there are also other sources) and the money spent is called "expenditures". If there is more money coming in then being spent, the government will experience budget surplus.

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