What is a budget? How does the government meet the deficit in the budg – InterviewSolution

1.	What is a budget? How does the government meet the deficit in the budget?
Answer» Budget is the financial statement which shows the anticipated incomes and expenditure of a family, or an institution or a state or any central government. When expenditures are more than incomes, then it is called a deficit budget. The government levies taxes on people to meet the deficit.

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