Balanced Budget
It is a situation in which planned expenditure equals expected income. In public finance it refers to a situation where current Income from taxation and other receipts of central government are sufficient to meet payments for goods and service, transfer payment and debt interest.
It is a situation in which planned expenditure equals expected income. In public finance it refers to a situation where current Income from taxation and other receipts of central government are sufficient to meet payments for goods and service, transfer payment and debt interest.
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