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Question
In a ___________ Budget, Revenue equals Expenditure.
In a ___________ Budget, Revenue equals Expenditure.
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Solution
The correct option is A balanced
A balanced budget is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists. More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus
A balanced budget is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists. More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus
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