Question : When expenditure exceeds revenue, the budget is said to be in_____________.
Option 1: deficit
Option 2: surplus
Option 3: reserve
Option 4: debt
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Correct Answer: deficit
Solution : The correct option is the deficit .
A budget is in deficit when its expenditures surpass its revenue, leading to a financial imbalance. This shortfall necessitates borrowing or using reserves to cover the gap.
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Question : If the government revenue expenditure exceeds revenue receipt, it is called:
Question : The gross primary deficit can be expressed as ______.
Question : What situation would result if government expenditure exceeds the government revenue in the current account?
Question : Gross primary deficit is the difference between ______.
Question : Non-tax revenue is part of ______.
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