Question

Give reason "Government revenue is more than government expenditure in surplus budget".

Answer 1

"Government revenue is more than government expenditure in surplus budget". The reason behind the same can be explained as follows:

Explanation: A budget refers to the statement showing an estimate of revenue and expenditure over a specific period of time. These are divided into two categories:

• Surplus Budget
• Deficit Budget

Surplus Budget:

When the Government revenue is more than government expenditure, it is the situation of surplus budget. In this situation, Government has more funds with them in the form of taxes and other sources than the total expenditure by them on infrastructure etc. The excess of funds with them is known as surplus.

Learn more about Budget:

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