Question

Budget deficit refer to a situation when budget expenditure of the government are greater than the budget receipt

Answer 1

QUESTION=Budget deficit refer to a situation when budget expenditure of the government are greater than the budget receipt

ANSWER=⤵⤵⤵⤵⤵⤵⤵

A budget deficit occurs when expenses exceed revenue and indicate the financial health of a country. The government generally uses the term budget deficit when referring to spending rather than businesses or individuals. Accrued deficits form national debt.

Such a budget can be implemented at times of inflation to reduce aggregate demand. DEFICIT BUDGET. A government budget is said to be a deficit budget if the estimated government expenditure exceeds the expected government revenue in a particular financial year

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