Question: In 2015, an article in the Wall Street Journal noted that Prime Minister Shinzo Abe is expected to unveil a plan to balance Japan's budget
In 2015, an article in the Wall Street Journal noted that "Prime Minister Shinzo Abe is expected to unveil a plan to balance Japan's budget in five years ... as a step toward reducing the country's debt burden, according to government officials." What is the connection between the government's budget deficit and its debt? If the debt is a "burden," briefly explain what it is a burden on.
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A budget deficit is a situation in which the governments expend... View full answer
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