Question

If the revenue of government has been exceeded then what this is called?

Answer 1

Explanation:

➡️ Revenue deficit occurs when the actual amount of revenue received and/or the actual amount of expenditures do not correspond with predicted revenue and expenditure figures. Revenue surplus, which occurs when the actual amount exceeds the projected amount.

Answer 2

Answer:

Revenue is the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses.