Question

what is balancr budget ? nd its merits nd demerits​

Answer 1

Explanation:

A balanced budget occurs when planned revenues match or exceed the amount of planned expenses.

(or)

A balanced budget simply refers to a budget in which expenses do not exceed revenues.

Merits:

1) It ensures financial stability.

2) It avoids wasteful expenditure.

Demerits:

1) Process of economic growth can be hindered.

2) Welfare activities may be restricted.

Hope it helps!