balanced budget

sorry not Budget deficit... budget balance

A budget deficit is when the finances of a something exceeds its revenue. This basically means they have spent too much money.

fiscal deficit: not enough money budget deficit: not as much money as you had planned to have in your budget revenue deficit: not enough money coming in trade deficit: you are spending more money on imports than the amount of money which you receive for your exports.

If the revenue is less than the expenditure, a budget is said to be in deficit.

A budget is divided into 3:

a. Surplus budget

b. Deficit budget

c. Balanced budget

Surplus : REVENUE greater than EXPENDITURE

Deficit : REVENUE less than EXPENDITURE

Balanced : REVENUE equals EXPENDITURE