Answer to Question #60050 in Other Economics for Shelley O'Brien
2/ With a long term view which specific two budgets are the most relevant to the governing board and for what reason?
2) Government budgets are of three types: Balanced Budget (when government revenue and expenditure are equal), Surplus Budget (when anticipated revenues exceed expenditure), Deficit Budget (when anticipated expenditure is greater than revenues).
With a long term view balanced and surplus budgets are the most relevant to the governing board, because they will not cause the increase of government debt in the long run.
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