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
The budget deficit is the difference between the money federal government takes in, called receipts, and what it spends, called outlays, each year. The U.S. government has run a multibillion-dollar deficit almost every year in modern history, spending much more than it takes in.ere is the actual and projected budget deficit or surplus by fiscal year, according to Congressional Budget Office data for modern history. 1  2020 - $484 billion budget deficit (projected). 2  2019 - $475 billion budget deficit (projected). 3  2018 - $453 billion budget deficit (projected).