A budget with a projected revenue in excess of its expenditure is said to be?

  • A balanced
  • B surplus
  • C deficit
  • D inflationary
jamb 2020english-language

The correct answer is B. surplus

A budget with a projected revenue over its expenditure is said to be a surplus budget.

This means that the income or revenue exceeds the expenditures, and the surplus amount represents the difference between the two

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