The government experiences a budget surplus when its tax revenue exceeds its expenditures.

Name: The government experiences a budget surplus when its tax revenue exceeds its expenditures.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

A budget surplus occurs when the government takes in more revenue from taxes and other sources than it spends on programs and services. This can happen when the economy is strong, leading to higher tax revenues, or when spending is lower than expected.

The Government Experiences a Budget Surplus When Its Tax Revenue