1. Do you love this site? Kindly Contribute to it by posting educational stuff too.
    Upload your past questions and when any user download it, you get paid to your bank account
    Dismiss Notice

Budget - Economics

Discussion in 'Economics' started by lectportal, Apr 23, 2019.

  1. lectportal

    lectportal Administrator Staff Member Administrator User

    Budget in economics refers to a financial statement of the total estimated revenue and the proposed expenditure of a government in a given period; usually a year.

    WHAT ARE THE TYPES OF BUDGET IN ECONOMICS
    1. Balance Budget: This is when the total estimated revenue is equal to proposed expenditure.
    2. Surplus Budget: It is when the total estimated revenue is more than the proposed expenditure.
    3. Deficit Budget: It is when the government's total proposed expenditure for a period is more than the total estimated revenue.

    TYPES OF REVENUE AND EXPENDITURE
    • Recurrent revenue
    • Capital receipts
    • Capital expenditure
    • Current expenditure
     

Share This Page

Lectures portal best educational website to get all latest university update/ university news across various university in Nigeria. Our target are mainly student across various schools and university providing them and e-library for them to read various subjects, topic and stories from novels whose authors are notable ones. When it comes to Jamb, Waec and Neco lectures portal is simply the right educational website as it provides different categories of expo including Jamb expo, Waec expo, And Neco Expo. Join the rest students now and receive updates and news from various university across Nigeria and also make use of the e-library by reading topics and subjects of all subjects found in Jamb, Waec, and Neco