question archive If the government budget has a primary surplus, then the debt will decrease over time

If the government budget has a primary surplus, then the debt will decrease over time

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If the government budget has a primary surplus, then the debt will decrease over time. True, false, or uncertain?

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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