Question

When revenues are higher than expenditures in a budget, that budget

Answer 1

Hello,


Its something that displays a surplus.


Hope this helps

Answer 2

When revenues are higher than expenditures in a budget, that budget shows a surplus. If income exceeds spending, the government has a budget or fiscal surplus. It is a measure that the government is being effectively managed.

Deficit on the other hand is the amount by which government expenses exceed income.