Chapter: Public Finance in India· Economics

Complete the correlation: Government expenditure > Government receipt : Deficit budget : : Government expenditure = Government receipt : ________

Q.1 (B) (v) Complete the correlation: Government expenditure > Government receipt : Deficit budget : : Government expenditure = Government receipt : ________

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Answer: Balanced budget

When government expenditure exceeds receipts the budget is a deficit budget. When expenditure is exactly equal to receipts it is a balanced budget.

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Complete the correlation: Government expenditure > Government receipt : Deficit budget : : Government expenditure = Government receipt : ________

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