A budget with a projected revenue in excess of its expenditure is said to be?...
ECONOMICS
JAMB 2020
A budget with a projected revenue in excess of its expenditure is said to be?
- A. balanced
- B. surplus
- C. deficit
- D. inflationary
Correct Answer: B. surplus
Explanation
A surplus budget is a budget whose revenues exceed the estimated expenditure in a particular financial year.
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