MEANING OF SURPLUS BUDGET AND DEFICIT BUDGET

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MEANING OF SURPLUS AND DEFICIT BUDGET

  • budget surplus occurs when government spending is less than government revenue in a given period of time.

In other words, a budget is called surplus, when the total estimated revenue is more than the proposed expenditure. In this kind of budget, not all estimated revenue is proposed to be spent in that year, meaning that there will be reserve.

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

fbudget

  •  Deficit Budget: A budget deficit occurs when the government spending exceeds government revenue in a given period of time, usually a year.

 In other words, a budget is called deficit when the government’s total proposed expenditure for a period of time is more than the total estimated revenue.

When it refers to federal government spending, a budget deficit is also known as the “national debt”. The opposite of a budget deficit is a budget surplus and when inflows are equal to outflows, the budget is said to be balanced.

  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. DISEASES
3. 52. SOIL MICRO-ORGANISMS
4. ORGANIC MANURING
5. FARM YARD MANURE
6. HUMUS
7. COMPOST
8. CROP ROTATION
9. GRAZING AND OVER GRAZING
10. IRRIGATION AND DRAINAGE
11. IRRIGATION SYSTEMS
12. ORGANIC MANURING
13. FARM YARD MANURE
14. HUMUS
15. COMPOST
16. CROP ROTATION

  1. IRRIGATION AND DRAINAGE

    40. YAM
    4
    63. MAIZE RUST
    64. LEAF SPOT OF GROUNDNUT
    65. COW-PEA MOSAIC
    66. COCOA BLACK POD DISEASE

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