Economy, asked by rahulchauhan2240, 1 year ago

Define balanced budget.

Answers

Answered by HrDesi0001
7

Answer:

A balanced budget (equilibrium)(particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus.

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