Government budget:
Balance budget: Government Tax Revenue = Government Spending
Budget Deficit: Government Tax Revenue > Government Spending
• Government debt decreases
• Government has more money
Budget Surplus: Government Tax Revenue < Government Spending
• Government debt increases by level of deficit
Government debt: Total of deficits – surpluses
Budget Deficit: Difference between G-T (Add the deficit to the debt)

@Sammar Illahi brother. Please correct a small mistake in your notes. Replace Budget Deficit with Budget Surplus in your notes please. Thanks.