Question

When the estimated government receipts are more than the estimated government expenditure, the budget is known to be a ___________ budget.

• A. surplus
• B. balanced
• C. deficit
• D. zero-based

Answer 1

The correct option is A surplus

Surplus Budget is the type of budget where the expected government revenue is greater than expected government expenditure due to which there is a surplus in the budget. Surplus budget is regarded as a positive indicator for the economy.