It would be best to look at the budget deficit or surplus as a percentage of GDP in order to evaluate the size of the federal budget deficit or surplus over time,
It refers to the written document that contains the estimates of the federal government's revenue and authorizing its spending for coming year.
The process of federal budget establishes the spending priorities and identify revenues to pay for those activities. The size of these decisions make the budget process one of the most important and complex exercises in public policy making.
However, It is best to look at the budget deficit or surplus as a percentage of GDP in order to evaluate the size of the federal budget deficit or surplus over time,
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