IDNLearn.com: Your trusted source for finding accurate answers. Join our interactive Q&A platform to receive prompt and accurate responses from experienced professionals in various fields.
Sagot :
Final answer:
State governments must balance their budgets and cannot carry deficits, unlike the federal government.
Explanation:
State governments are different from the federal government in that they are required to have their proposed budgets balance and are prohibited from carrying deficits into the next fiscal year. This is known as the balanced budget requirement, enshrined in the constitutions of most states except Vermont. Unlike the federal government, states cannot borrow money to finance budget deficits, leading to significant changes in state programs based on economic circumstances.
Learn more about state government budgeting here:
https://brainly.com/question/41290497
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Your questions deserve accurate answers. Thank you for visiting IDNLearn.com, and see you again for more solutions.