3 ms·
> If you run a trade deficit, does that also mean you necessarily have a budgetary deficit? To balance a trade deficit you need a surplus elsewhere. It'd be
by bryanlarsen 2y ago
> If you run a trade deficit, does that also mean you necessarily have a budgetary deficit?
To balance a trade deficit you need a surplus elsewhere. It'd be nice if that was a budgetary surplus, but it's a capital accounts surplus, better explained in the article.