Which of the following occurs when all taxes and other revenues exceed government expenditures for a year? | Faculties

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Rakesh Kumar

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📊 Public Finance

Q. Which of the following occurs when all taxes and other revenues exceed government expenditures for a year?

(A) public debt
(B) budget surplus
(C) balanced budget
(D) budget deficit

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✅ Correct Answer: (B) budget surplus

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