Athletics & Recreation We donât just cheer for our 27 NCAA Division 1 teams, we Raise High the Buff and Blue! Colonials have won more than 95 team championships in 15 different sports â from basketball to tennis, gymnastics to golf.
Government debt is the debt owed by a government. By contrast, the annual government deficit refers to the difference between government receipts and spending in a single year. Government debt can be categorized as internal debt and external debt. Another common division of government debt is by duration until repayment is due. Short term debt is generally considered to be for one year or less, long term is for more than ten years. Medium term debt falls between these two boundaries. A broader
A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year. The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a government budget surplus, and a negative balance is a government budget deficit. A budget is prepared for each level of government (from national to local) and takes into account public social security obligations.