Which type of budget is implemented by a government when its proposed total expenditure ex… — JAMB UTME

Which type of budget is implemented by a government when its proposed total expenditure exceeds its expected total revenue for a given fiscal year?

Deficit budget

A deficit budget is explicitly designed or experienced when planned government spending exceeds total anticipated revenue during a fiscal period.

Compare government total revenue and total expenditure.

Total expenditure is greater than total revenue.

The financial state of a budget is determined by the relationship between total revenue and total spending.

Identify the budget classification where spending exceeds revenue.

Deficit budget

By definition, a deficit budget is a financial plan where total planned expenditure exceeds total expected revenue for the fiscal period.

Deficit Budget Definition

Soru