Question

Explain ‘Balanced budget’, ‘Surplus budget’ and ‘Deficit budget’.

Answer 1

Answer:

Balenced budjet, surplus budget, and deficit budget

Explanation:

Balenced budjet : Balenced budget is a budjet in which revenues are equal to expenditures

Surplus budget : Surplus budget is a period when income or receipt exceed outlays or expenditures

Deficit budget : A budget deficit budget occurs when expenses exceed revenue and indicate the financial health of a country.