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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
What else can I help you with?
What is the main cause for US debt?
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
Does government budget deficit reduce public or national savings?
Government deficit reduces public savings (=saving of the government). Yet, the government can decide to finance the deficit by private savings (bonds, credit, etc). In this case, a part of national savings can be used to finance the gov. budget deficit. But this is not by definition, it is the action of the govenment.
Is Government operating balance and Budget deficit the same thing?
sorry not Budget deficit... budget balance
What is a budget deficit?
A budget deficit is when the finances of a something exceeds its revenue. This basically means they have spent too much money.
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
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.
What is primary deficit in a budget?
Primary deficit=Fiscal deficit-[minus] Interest payments
Can you make a sentence with Budget deficit?
The government was under pressure to raise more taxes due to the budget deficit they had.
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
Which describes a budget in which expenditures exceed revenue?
budget deficit
Who pays for the budget deficit talked about in the budget speech?
Taxpayers
What is a budget deficit and how is it maintained?
by cheating
How many types of deficit in Indian budget?
Currently in 2010-2011 1. Revenue Deficit 2. Fiscal Deficit 3.Primary Deficit. There used to be these 2 more type which have been now abolished 4. Budget Deficit 5. Monetised Deficit ~wt.what@gmail.com
