Social Sciences, asked by shravanskotian, 9 months ago

Explain the three types of Budget.​

Answers

Answered by pinkimehta289
5

Answer:

Depending on the feasibility of these estimates, budgets are of three types -- balanced budget, surplus budget and deficit budget. A government budget is said to be a balanced budget if the estimated government expenditure is equal to expected government receipts in a particular financial year.

Answered by anjalipandey40
17

Answer:

Budget are of two types:

(i) balanced budget

(ii) surplus budget

(iii) deficit budget

Explanation:

(I) Balanced budget=>

A government budget is known as balanced budget if the estimated government expenditure is equal to expected government receipts in a particular financial year.

(ii) surplus budget=>

A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus. ' A surplus is an indication that the government is being effectively managed.

(iii) Deficit budget=>

The government generally uses the term budget deficit when referring to spending rather than businesses or individuals. Accrued deficits form national debt.

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