What situation would result if Government expenditure exceeds the Government revenue on Current Account?
(A) Deficit budgeting
(B) Zero-based budgeting
(C) Performance-based budgeting
(D) Surplus budgeting
Correct Answer : Deficit budgeting
Question Asked : SSC CGL Tier-I (CBE) Exam 2016
Explanation : The excess of overall government expenditure both on capital and current account over the estimated government receipts both from tax and non-tax sources is termed as fiscal deficit. Fiscal deficit is a kind of budget deficit where government expenditure exceeds over its income during the course of a financial year.
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