Distinguish between a deficit budget and a surplus budget 

Distinguish between a deficit budget and a surplus budget 

 

A deficit budget is one where government expected /estimated/ anticipated/ projected/ planned expenditure in a greater than the government planned/ anticipated/ expected revenue in a given financial year.

While

A surplus budget is one where the government expected/ planned/ anticipated / projected expenditure in a less than the government planned / anticipated / expected revenue in a given financial year.

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