What is a surplus budget ?
Answers
A surplus budgetis a period when income or receipts exceed outlays or expenditures. A surplus budget often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.' A surplus is an indication that the government is being effectively managed.
The financial state of government is referred as Surplus Budget.
A budget surplus might be spent to make a purchase, pay off debt or save for the future.
A city government that has a surplus may use the money to render improvements to a local decaying parks etc.
Surplus is a positive value and is the sum by which government revenues are greater than government spending during a set period, usually a fiscal year.
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