Final answer:
Balancing the government budget is crucial to avoid economic repercussions from excessive deficit spending.
Explanation:
It is important to balance the budget to ensure fiscal responsibility and prevent negative economic consequences. When a government repeatedly deficit spends, it leads to increased borrowing, reduced financial capital for private sector firms, trade imbalances, and financial crises. Additionally, a balanced budget can help decrease interest rates, increase savings and investment, and stimulate economic growth.
Learn more about Government budget deficit here:
https://brainly.com/question/32255097
