Increasing deficit impact on economy

Increasing deficit impact on economy
The mounting deficit puts pressure on resources, leading to reduced public services and increased unemployment rates. Citizens bear the brunt through higher taxes, inflation, and unstable job markets. As the deficit grows, borrowing costs escalate, burdening future generations with significant financial liabilities. The economy struggles to recover as essential investments are postponed. Inadequate funds hinder infrastructure projects, healthcare services, and education opportunities. Government debt skyrockets, impacting the overall stability and prosperity of the nation. Urgent action is needed to address the deficit issue and prevent long-term negative consequences on the economy and society.
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