In a fiat monetary system, national government spending is not revenue constrained. But there are also circumstances when the non-government sector spending is similarly not constrained by available revenue. An example is if the local lunch shop where I go every day allows me to take my sandwiches before I go to the bank to get some cash.
Answer: False
You might like to review If we dont, it wont and wont need to for further information or post a comment.