what can you do if your budget shows an annual budget deficit? cut low - priority expenses from the budget…

what can you do if your budget shows an annual budget deficit? cut low - priority expenses from the budget. ignore it and keep spending as usual. liquidate enough savings and investments to meet the total budget shortfall for the year. borrow enough to meet the total budget shortfall for the year. increase income.

what can you do if your budget shows an annual budget deficit? cut low - priority expenses from the budget. ignore it and keep spending as usual. liquidate enough savings and investments to meet the total budget shortfall for the year. borrow enough to meet the total budget shortfall for the year. increase income.

Answer

Brief Explanations:

Cutting low - priority expenses reduces outflows. Ignoring the deficit is not a good financial practice. Liquidating savings and investments can be a last - resort option. Borrowing can create debt. Increasing income can help cover the shortfall.

Answer:

Cut low - priority expenses from the budget. Liquidate enough savings and investments to meet the total budget shortfall for the year. Borrow enough to meet the total budget shortfall for the year. Increase income.