State the difference between Balanced budget and Unbalanced Budget.

1.	State the difference between Balanced budget and Unbalanced Budget.
Answer» Balanced Budget: Here when the revenues from tax are equal with expenditure of the government, it is balance budget. (Total Revenue = Total Expenditure). Unbalanced Budget: Here the Total anticipated Revenue is not equal to Total anticipated Expenditure. It could be either a Surplus or a Deficit Budget.

Answer»

Balanced Budget: Here when the revenues from tax are equal with expenditure of the government, it is balance budget. (Total Revenue = Total Expenditure).

Unbalanced Budget: Here the Total anticipated Revenue is not equal to Total anticipated Expenditure. It could be either a Surplus or a Deficit Budget.

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State the difference between Balanced budget and Unbalanced Budget.

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