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Budget — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
What is Balanced Budget ?
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Answer

  • A budget in which government's estimated expenditure is same as estimate income is called Balanced Budget.
  • In this all the government expenditure is met from the tax income of the same year.
  • If it is balanced budget there is no change in the Total Expenditure of the society.

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