Explain the types of Budget. - Vidyadip

Question

Explain the types of Budget.

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Answer

Budget has mainly two types :
Balanced Budget, in which Government's Estimated expenditure is same as estimated income.
Unbalanced Budget, in which there is difference between I. government's 'estimated income and expenditure.

- On this basis there are two types:
  - Surplus budget in which government's estimated income is more than estimated expenditure,
  - Deficit Budget, in which government estimated expenditure is more than government estimated income.

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