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Does a budget surplus reduce national debt? watch

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    If a country experiences a budget surplus would the national debt fall?
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    (Original post by BrownieLover)
    If a country experiences a budget surplus would the national debt fall?
    national ( or govt.) debt is an accumulation of individual budget deficits, so yes, assuming that government borrowing and spending does not rise,which would be highly unusual during a surplus - possibly to due an economic boom
 
 
 
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Updated: May 31, 2016
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