The deficit rate soared to 3.8%! The country came up with 1 trillion for disaster relief, this is a tough battle! The fiscal deficit ratio refers to the ratio of government fiscal expenditure over revenue. When a country or region is faced with the economic
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The deficit rate soared to 3.8%! The country came up with 1 trillion for disaster relief, this is a tough battle!
The fiscal deficit ratio refers to the ratio of government fiscal expenditure over revenue. When a country or region is faced with an economic crisis, war, or an increase in the demand for social welfare, the government will take measures to increase fiscal spending, resulting in an increase in the fiscal deficit ratio. Raising the fiscal deficit ratio can stimulate economic growth, improve people's livelihood and social welfare, but it may also increase the burden of government debt and interest, trigger inflation and exchange rate fluctuations, and affect international credibility and status. Therefore, the government needs to weigh the pros and cons when taking this measure, proceed with caution, and take into account all possible consequences.
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