question archive If the government budget has a primary surplus, then the debt will decrease over time
Subject:EconomicsPrice:2.88 Bought3
If the government budget has a primary surplus, then the debt will decrease over time. True, false, or uncertain?
The given statement is True
Debt is the total of all the accumulated deficit of the government. It is defined as an amount that is owed by the government at a given point in time. Therefore, if the government experiences a budget surplus, debt would decrease over time. A budget surplus reduces government debt.c