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Prof K Nageshwar: Types Of Government Expenditure (Video)

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? || Types Of Government Expenditure||
A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year. Depending on the feasibility of these estimates, budgets are of three types -- balanced budget, surplus budget and deficit budget. Mentioned below are brief explanations of these three types of budgets:

A government budget is said to be a balanced budget if the estimated government expenditure is equal to expected government receipts in a particular financial year. Advocated by many classical economists, this type of budget is based on the principle of living within means. They believed the governments expenditure should not exceed their revenue.
Though an ideal approach to achieve a balanced economy and maintain fiscal discipline, a balanced budget does not ensure financial stability a ..

Read more at:
https://economictimes.indiatimes.com/budget-faqs/what-are-the-three-types-of-government-budgets/articleshow/67466774.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

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Prof K Nageshwar: Types Of Government Expenditure (Video)

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