How to calculate Budget deficit
The Budget deficit formula, with plain worked examples you can check yourself.
Budget deficit = G − T
Worked examples
G = 800 · T = 700Budget deficit = 100
G = 850 · T = 800Budget deficit = 50
G = 1100 · T = 1000Budget deficit = 100
How to use it
- Write down the values for each letter in the formula.
- Do the brackets first, then divide or multiply.
- Check the units before you compare results.
- Compare the answer with last period or with a competitor to see if it is good or bad.
This formula belongs to Money & Prices.
Related terms
Practice Budget deficit with real numbers
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