MEANING AND REASONS FOR BALANCED BUDGET

MEANING AND REASONS FOR BALANCED BUDGET

A balance budget of a government is a budget with revenue equal to expenditure. In other words, balance budget occurs when the total estimated revenue of a government equal to the proposed expenditure.

 Most economists have also agreed that interest rates, increase savings and investment, shrink trade deficits and finally help the economy grow faster over a longer period of time.

ggoods and services

BALANCED AND UNBALANCED BUDGET

            PERFORMANCE OBJECTIVES

Explain the concepts of budget surplus balanced budget and the component of national debt.

Explain the concept of and criteria for revenue allocation (including resource control) in Nigeria and associated problems

Reasons For Balanced Budgets

  1. Balanced budget prevents gigantic debt burdens: Balanced budget is usually used by all government to prevent gigantic or painful debt burdens.
  2. It prevents financial insecurity: Balanced budget do prevent financial insecurity in the economy
  3. It helps to control expenditure: Balanced budget is used by government to control financial expenditure.
  4.  Reduction in interest payment on loans: Balanced budget equally helps to reduced interest on payment of loans.
  5. It helps to curb excessive borrowing: Balanced budget equally helps to prevent excessive borrowing by government.
  6. It aids or increases savings: Balanced budgets are generally known to increase savings by government.

  1. economic tools for nation building
  2. budgeting
  3. factors affecting the expansion of industries
  4. mineral resources and the mining industries
  5. demand and supply
  6. types of demand curve and used
  7. advertising industry
  8. factors of production
  9. entrepreneur
  10. joint stock company
  11. public enterprises
  12. private enterprises
  13. limited liability companies
  14. migration
  15. population
  16. market concept
  17. money market
  18. shares
  19. how companies raises funds for expansion
  20.  

WEED AND THEIR BOTANICAL NAMES
1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
2.o
14. HUMUS
15. COMPOST
16. CROP ROTATION
34. OIL PALM
35. USES OF PALM OIL
36. MAINTENANCE OF PALM PLANTATION
37. COCOA
38.
39. PROCESSES IN COCOA CULTIVATION
HOLING AND LINING
40. YAM
41. LAND PREPARATION FOR YAM
42. DEPT OF PLANTING
43h
66. COCOA BLACK POD DISEASE

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