Answer to Question #282137 in Macroeconomics for Yibeltal

Question

How to reduce budget dificit in an economic advisor

Answer 1

As an economic advisor, there are various ways in which budget deficit can be reduced such either increasing revenues through increased economic activity within the country that spur economic growth and push the exports higher and imports lower or secondly, reducing general spending by cutting off some unnecessary expenses that a country accrues which can be done by either reducing or cutting government programs.