Social Sciences, asked by RithwikCu, 4 months ago

what do u mean by budgets explain its three types

Answers

Answered by shubhamkh9560

1

Answer:

Explanation:

A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year. Depending on the feasibility of these estimates, budgets are of three types -- balanced budget, surplus budget and deficit budget.

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