When Government revenue exceeds, government expenditure it is known as – InterviewSolution

1.	When Government revenue exceeds, government expenditure it is known as ________ budget. (surplus / balanced / deficit / unbalanced), Fill in the blank with appropriate alternative given in the bracket.
Answer» ANSWER:- When Government revenue exceeds, government EXPENDITURE it is KNOWN as surplus budget. Explanation: Surplus budget refers to the excess of government revenue over the expenditure. In other WORDS, when the government revenue is greater than its expenditure, it is called a surplus budget. That is, Surplus budget = Government revenue – Government expenditure. PLEASE MARK AS BRAINLIEST

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