Answer:
D. Taxes are greater than government spending
Explanation:
Budget surplus can be defined as a period when income exceeds (is larger) than expenditure or spending. It occurs when the revenue gotten from tax by government exceeds the government spending in the same period of time.
When a country's government experiences budget surplus, it indicates that the finances of the country is meticulously and effectively managed. It is also an indicator of a healthy economy.
In cases where the expenditure exceeds the income received, the we have what is called a Budget Deficit. A balanced budget occurs when the Spending/expenditure is equal to the income/receipts.
Answer:
D. taxes are greater than government spending
Explanation:
A budget surplus is when government's revenue from taxes is greater than government spending.
When taxes are less than government spending, there's a budget deficit.
A balanced budget is when taxes are equal to government spending.
I hope my answer helps you
