Economics · Government Budget
In public finance, what is meant by a balanced budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capital expenditure is equal to revenue expenditure.
- 2Public revenue and public expenditure are equal.✓
- 3Public revenue is higher than public expenditure.
- 4Public revenue is less than public expenditure.
Correct answer
Public revenue and public expenditure are equal.
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