A situation in which the estimated government revenue is ...
A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as
Surplus budgeting
Supplementary budgeting
Balanced budgeting
Deficit budgeting
Correct answer is D
If revenue expenses of the government exceed revenue receipts, it results in revenue account deficit. When the revenue is less than the estimated expenditure, it results to a budget deficit.
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West African countries are experiencing worsening terms of trade because ...
When there is improvement in a country's terms of trade, it means that the country's ...