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Revenue Surplus #RevenueSurplus

  It is the opposite of revenue deficit.

  A government might have its revenue expenditures less than its revenue receipts, i.e., having (revenue surplus) budget.

  It is very rare. But if it is there then we must see how the government has managed this surplus and whether the policies which made this happen are judicious enough or not.

 For example – In the 2nd Plan, India emerged as a revenue-surplus state, but experts did not appreciate it as it had many bad impacts on the economy-higher tax rates culminated in tax evasion, corruption, creation of black money, etc.

 

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