Budget Deficits (Deficit Spending) and Surpluses Defined, Explained & Compared in One Minute

If you follow financial news media at least occasionally, you'll hear about budget deficits and budget surpluses all the time.

Frankly, it's fairly unlikely to listen to an economic news bulletin and not come across budget deficits and/or surpluses at least once.

But what are these deficits and surpluses?

Why should you care about your country's budget deficit and be worried about it? The same way, why should you celebrate if you found out about your country's budget surplus, however unlikely that might be?

In one minute, I've defined, explained as well as compared budget surpluses as well as budget deficits so as to help you answer these questions and (hopefully) more.

Oh and I've also started playing around with Patreon, my link is:

Interested in reading a good book?

My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:

My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.

Last but not least, if you'd like to follow me on social media, use one of the links below:

[OneMinuteEconomics]

GiganticWebsites.com is a project through which I make it possible for people to build truly gigantic websites (thousands of articles each!) at ridiculously low prices. If you have a great domain you want to turn into an amazing website or an existing site you'd like to upgrade/scale, visit our website or check out the One Minute Economics presentation video below:


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[kusgan]

1 minute video I have to watch 5 times. haha

[sarahrodes]

Thankyou! This helped me out a lot, explained simple terms. My teacher with a PHD sometimes forgets that students need to have basic terms explained before moving on to more complex themes.

[yugantargupta]

What's a fiscal deficit. Is it the same? How is this deficit funded? Can the government print currency to fund the deficit? Does national debt include debt from the Central Bank? Please make a video on these. Thanks!

[OneMinuteEconomics]

If you liked this video, I think you'll love The Age of Anomaly, my Wall Street Journal and USA Today best-selling book about preparing for financial calamities (whatever they may involve). You can buy it over at:

[d-one]

fast speech. had to pause n rewind 3 times to actually realized it was a good video

[crystalbonner]

The speaker is talking too fast, I could not use this video for my class.

[rsingh]

Did anyone else have to watch this on half speed?

[NZ]

Notorious budget plans lead to huge deficits

[muhammadaarifeen]

can speak abit faster next time please