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
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- 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.
- economic tools for nation building
- budgeting
- factors affecting the expansion of industries
- mineral resources and the mining industries
- demand and supply
- types of demand curve and used
- advertising industry
- factors of production
- entrepreneur
- joint stock company
- public enterprises
- private enterprises
- limited liability companies
- migration
- population
- market concept
- money market
- shares
- how companies raises funds for expansion
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
- 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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