Give economic term : Budget in which the estimated revenue and expenditure of the government are equal.
Q.1 (C) (v) Give economic term : Budget in which the estimated revenue and expenditure of the government are equal.
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Answer: Balanced budget
When estimated government revenue = estimated government expenditure, the budget is balanced. If revenue exceeds expenditure it is a surplus budget, and if expenditure exceeds revenue it is a deficit budget.
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· 28 Oct 2026
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