Distinguish between Deficit budget and balanced budget.

1.	Distinguish between Deficit budget and balanced budget.
Answer» A budget deficit occurs when expenses exceed revenue, and it is an indicator of FINANCIAL health. The government generally uses this term in REFERENCE to its spending rather than business or individuals. ACCRUED government deficits form the NATIONAL debt. A balanced budget a budget in which REVENUES are equal to expenditures.

Answer»

A budget deficit occurs when expenses exceed revenue, and it is an indicator of FINANCIAL health. The government generally uses this term in REFERENCE to its spending rather than business or individuals. ACCRUED government deficits form the NATIONAL debt.

A balanced budget a budget in which REVENUES are equal to expenditures.

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Distinguish between Deficit budget and balanced budget.

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