Explain the difference between budget surplus and budget deficit.

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asked May 1, 2023 9.7k views

2 Answers

Bryan Ray · Answer 1 · 2023-05-03T19:55:04+0000

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.

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DimChtz · Answer 2 · 2023-05-05T12:57:17+0000

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

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Explain the difference between budget surplus and budget deficit.

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