Question

When Government revenue exceeds, government expenditure it is known as ________ budget. (surplus / balanced / deficit / unbalanced), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

ANSWER:-
When Government revenue exceeds, government expenditure it is known as surplus budget.

Explanation:
Surplus budget refers to the excess of government revenue over the expenditure. In other words, when the government revenue is greater than its expenditure, it is called a surplus budget.
That is,
Surplus budget = Government revenue – Government expenditure.

PLEASE MARK AS BRAINLIEST

Answer 2

When government revenue exceeds, government expenditure then it is known as surplus budget.

* The word surplus means more than enough.

* Goverment revenue means income gained by the government.

* IF this income is more than the amount to be spent by the government then the budget is called surplus budget as government can save more even after spending the the amount for different aspects.