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What is Budget Deficit?

9. What is Budget Deficit?

1. When expenses exceed revenue and indicate the financial health of a country
2. Shortage of funds with the government to maintain its day-to-day affairs
3. The shortfall in a government's income compared with its spending
4. Difference between the current year's fiscal deficit and interest payment on previous borrowings

Answer: A) When expenses exceed revenue and indicate the financial health of a country

Explanation:

A budget deficit happens when costs surpass income and show the monetary strength of a country. The public authority for the most part utilizes the term financial plan deficiency when alluding to spending rather than organizations or people. Gathered deficiencies structure public obligation.