Also download our free budget template learn more about budgeting experiment with other personal finance calculators or explore hundreds of calculators covering math fitness health and more. A budget deficit typically occurs when expenditures exceed revenue. The budget deficit is the difference between the money the federal government takes in called receipts and what it spends called outlays each year.
Budget Deficit Governments Total Expenditures Governments Total Income Example United States Federal Governments total income for the fiscal year 2012 is 2469 trillion while its corresponding expenditures amount to 3796 trillion.
Our budget calculator shows you the budget breakdown of people like you who live where you live. A budget deficit typically occurs when expenditures exceed revenue. Click Calculate Average to exit this dialog and set monthly budget amounts for the category based on spending or income per time period. 1 As a result a new president has no influence on the deficit for January through September of that first year.