Quite a few countries in the world are actually in billions of dollars (or pounds) in debt, which means that the government has to make significant cuts to their public spending to try and repay this debt. Although making cuts such as these can sometimes seem like a terrible choice to make, there are some advantages to budget cuts, although these do come with their disadvantages too.
- Advantage of alternative to raising taxes.
- Disadvantage of fewer government services.
- Disadvantage of negative economic effects.