Respond to the following in a minimum of 175 words:

• What are common forms of government budgeting debt? What types of debt should be avoided? Can training in certain areas assist in diminishing debt? Provide examples.

Answer preview

A government acquires debt in budgeting when the expenses exceed the revenue, which causes borrowings to finance the costs. The government funds such budgets by creating obligations either through the public or through borrowing within governmental institutions. The public finances deficit budgets by selling bonds to individuals, private organizations, or foreign governments. These bonds have value according to the status of the economy. The worth goes up as the government approaches…

 

(200 words)