Question

What do you mean by Government Budget ? How many types of government budgets exist ?

Answer 1

Answer:

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.

Answer 2

Answer:

Government budget refer to an annual statement showing items wise estimate of receipt and expenditure During a fiscal year.

There are two components of government budget

1. Revenue budgets

2. Capital budget

Explanation: