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Explain the difference between budget surplus and budget deficit.
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15 votes
Explain the difference between budget surplus and budget deficit.

User SDushan
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10 votes

Answer:

The opposite of a budget deficit is a budget surplus. When a surplus occurs, revenue exceeds current expenses and results in excess funds that can be allocated as desired. In situations in which the inflows equal the outflows, the budget is balanced.

Step-by-step explanation:

User Riad Krim
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23 votes
23 votes

Answer: budget surplus is when you have more more left over after you budget and deficit is when you went over your budget.

Step-by-step explanation:

User Aseychell
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