What's budget surplus and budget deficit

June 24, 2026Business/Management

ScanSolve AI Answer

June 24, 2026

A budget surplus occurs when a government's (or an individual's/company's) revenues (income) exceed its expenditures (spending) over a specific period.

A budget deficit occurs when a government's (or an individual's/company's) expenditures (spending) exceed its revenues (income) over a specific period.

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A budget surplus occurs when a government's (or an individual's/company's) revenues (income) exceed its expenditures (spending) over a specific period.

Asked on June 24, 2026Business/Management

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ScanSolve AI AnswerAnswered on June 24, 2026

A budget surplus occurs when a government's (or an individual's/company's) revenues (income) exceed its expenditures (spending) over a specific period. A budget deficit occurs when a government's (or an individual's/company's) expenditures (spending) exceed its revenues (income) over a specific period. 3 done, 2 left today. You're making progress.