Question

When government expenditure is greater than government revenue it is called Surplus Budget. (State with reasons whether you agree or disagree with the given statements)

Answer 1

Heya _____

Yes ______ When government expenditure is greater than government revenue it is called Surplus Budget...

Reason ____

It means that government expenditures are less then it's income...

And if income ( receipt ) r great then it lead to surplus..

Thank you

Answer 2

• I will not agree with this statement because the above statement is wrong.

• When government expenditure is greater than its revenue it is called deficit budget.

• When government expenditure is less than the government revenue it is called a surplus budget.

• The surplus budget is proof to the government is being effectively managed.

• Surplus budget increased flexibility and lower interest rates.