Question

What is meant by deficit budget? Explain.

Answer 1

Answer:

If the expenditure of the particular country is more than the revenue, it is called deficit budget.

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Answer 2

Explanation:

A budget deficit occurs when expenses exceed revenue and indicate the financial health of a country. The government generally uses the term budget deficit when referring to spending rather than businesses or individuals. Accrued deficits form national debt.the amount by which government expenditure exceeds income from taxation, customs duties, etc, in any one fiscal year is a budget dept.