Which of the following BEST describes a government budget deficit and its impact on national debt? A
Canada spent the amount it collected in tax revenue due to a law that requires its government to only spend what it collects in revenue, thus decreasing its national debt.
B
The United States Government brought in more tax revenue in 2015 than it spent in 2015, thus decreasing its national debt.
C
France spent more money last year than it collected in taxes, thus increasing its national debt.
D
Belgium owes money on government bonds issued in 2000, thus increasing its national debt.