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Budget Deficit Formula

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A Budget Deficit occurs when government expenditures exceed revenues from taxes and other sources. Check FAQs

B def = G exp - G inc

B_def - Budget Deficit?G_exp - Government Expenditure?G_inc - Government Income?

Budget Deficit Example

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With units

Only example

Here is how the Budget Deficit equation looks like with Values.

Here is how the Budget Deficit equation looks like with Units.

Here is how the Budget Deficit equation looks like.

800 = 4100 - 3300

800 = 4100 - 3300

800 = 4100 - 3300

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Budget Deficit Solution

Follow our step by step solution on how to calculate Budget Deficit?

FIRST Step Consider the formula

B def = G exp - G inc

Next Step Substitute values of Variables

∴

B def = 4100 - 3300

Next Step Prepare to Evaluate

∴

B def = 4100 - 3300

LAST Step Evaluate

∴

B def = 800

Budget Deficit Formula Elements

Variables

Budget Deficit

A Budget Deficit occurs when government expenditures exceed revenues from taxes and other sources.

Symbol: B_def

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Budget Deficit

Government Expenditure

Government Expenditure or spending includes all government consumption, investment, and transfer payments.

Symbol: G_exp

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Government Expenditure

Government Income

Government Income or national revenue is money received by a government from taxes and non-tax sources to enable it to undertake public expenditure.

Symbol: G_inc

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Government Income

Other formulas in Public Finance category

Go Tax Incidence for Customers

TI = 100 \cdot (\frac{E S}{E D + E S})

Go Tax Incidence for Producers

TI = 100 \cdot (\frac{E D}{E D + E S})

Go Tax Burden for Customers

TB r = \frac{E S}{E D + E S}

Go Tax Burden for Suppliers

TB r = \frac{E D}{E D + E S}

How to Evaluate Budget Deficit?

Budget Deficit evaluator uses Budget Deficit = Government Expenditure-Government Income to evaluate the Budget Deficit, The Budget Deficit formula is defined as the situation in which the government spending is more than the income. Budget Deficit is denoted by B_def symbol.

How to evaluate Budget Deficit using this online evaluator? To use this online evaluator for Budget Deficit, enter Government Expenditure (G_exp) & Government Income (G_inc) and hit the calculate button.

FAQs on Budget Deficit

What is the formula to find Budget Deficit?

The formula of Budget Deficit is expressed as Budget Deficit = Government Expenditure-Government Income. Here is an example- 800 = 4100-3300.

How to calculate Budget Deficit?

With Government Expenditure (G_exp) & Government Income (G_inc) we can find Budget Deficit using the formula - Budget Deficit = Government Expenditure-Government Income.

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Budget Deficit Formula

Budget Deficit Example

Budget Deficit Solution

Budget Deficit Formula Elements

Other formulas in Public Finance category

How to Evaluate Budget Deficit?

FAQs on Budget Deficit

Variable Name