If a nation currently has a budget deficit their income is not covering the cost of running th...........

Economic Affairs Public Finance and Debt Management

If a nation currently has a budget deficit, their income is not covering the cost of running their country. If this budget is not revised, what could be a possible result of this situation?

A budget surplus

A balanced budget

A mounting debt

Discretionary fiscal policy

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Explanation:

3rd option is correct.

If a nation currently has a budget deficit, their income is not covering the cost of running their country. If this budget is not revised, a mounting debt.