Arrange the following steps in the process of understanding how a budget deficit impacts national debt: A) Government increases expenditures without raising revenues, B) National debt increases due to the deficit, C) Analysis of fiscal health reveals persistent deficits, D) Government evaluates its budget to restore balance.

To understand how a budget deficit impacts national debt, we start with the government increasing its expenditures without raising revenues, which is step A. This creates a budget deficit because the government is spending more money than it is bringing in. As a result of this deficit, the national debt increases, which is step B. When analysts look at the country's fiscal health, they may discover that these deficits are persistent, leading to step C. Finally, the government must evaluate its budget to restore balance, which is step D, to ensure that spending does not continue to outpace revenue.