Question

Public expenditure and public revenue,​

Answer 1

Answer:

Explanation:

Deficit, Surplus and Balanced Budgets: A budget is said to be balanced when public revenue equals public expenditure. If the public expenditure is more than public revenue it is called a deficit budget and if the public revenue exceeds the public expenditure it is known as surplus budget. 10.

Answer 2

Answer:

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Explanation:

Deficit, Surplus and Balanced Budgets: A budget is said to be balanced when public revenue equals public expenditure. If the public expenditure is more than public revenue it is called a deficit budget and if the public revenue exceeds the public expenditure it is known as surplus budget. 10.