Deficit and Surplus budget . #DeficitBudget . #SurplusBudget
-
A budget deficit occurs when expenditures exceed revenue.
- The term “budget deficit” is most commonly used to refer to government spending rather than business or individual spending.
Surplus budget
- A budget surplus occurs when revenue is greater than government spending. Therefore, the government can use the surplus revenue to pay off the national debt.
- Budget surpluses are quite rare in modern economies because of the temptation for politicians to spend more money and cut taxes.
-
Another reason for not presenting a surplus budget is it symbolizes government’s lower concerns towards development.
FOR MORE DETAIL NOTES in This Topic… JUST STAY CONNECTED
For Videos Join us on Youtube-
115 total views, 3 views today
