It's true that for both scenarios, the budget is a document or structure used to organise spending. But there are some big differences.
so that it does have capacity to repay that debt," Dr Risse said.
But remember, the Government budget's main goal is to help the economy and that's why they'll be spending more than they receive this year.investmentsWe're often warned against spending more than we earn because if we take on too much debt we can't afford to repay .When individuals or households want a loan, we usually rock up to the bank with our documents and prove we've got the income, credit history and assets to borrow money.
"The Government has lots of power to borrow and households have limited power. The Government can print money if they need to, but households can't," she said.
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