Question

The budget where the government revenue is equal to the government expenditure is termed as ___________.

• A. balanced budget
• B. unbalanced budget
• C. constant budget
• D. none of the above

Answer 1

The correct option is A balanced budget

Budget is an statement of the estimates of the government receipts and government expenditure during the period of the financial year. Balanced Budget is the type of budget where government expenditure is equal to government revenue.