Give economic term : A budget in which estimated revenue and expenditure of the government are equal.
Q.1 (B) (v) Give economic term : A budget in which estimated revenue and expenditure of the government are equal.
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Answer: Balanced budget
When the estimated revenue of the government equals its estimated expenditure (R = E), the budget is called a balanced budget. If R > E it is a surplus budget and if R < E it is a deficit budget.
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· 28 Oct 2026
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