A budget is an estimate of revenues and expenses over a period of time, usually compiled periodically. There are three types of budgets: balanced, surplus, and deficit. A balanced budget occurs when expenditures equal revenues. A surplus budget happens when revenues exceed expenditures. A deficit budget is when expenditures are greater than revenues. Deficit budgets can be further classified as revenue deficit, fiscal deficit, or primary deficit based on the types of revenues and expenditures considered.

1. Balanced, Surplus and Deficit Budget
PA10-PublicFiscal
3rd YearBPA-A31
TaguigCityUniversity
Members:
KennethFrancisco
LalaLaguitan
MaMaicaMinetteMendoza
KierbeSison
MariaJanineMeleniaVasquez

2. • A budget is an estimation of revenue and
expenses over a specified future period of time
and is usually compiled and re-evaluated on a
periodic basis. Budgets can be made for a person,
a group of people, a business, a government, or
just about anything else that makes and spends
money.
The budget is classified into (3) three types.
What is budget?

4. Budget Expenditure=Budget Revenues

7. Expenditures < Revenues

9. Benefits of a Budget Surplus Effects of Budget Surplus
1. Enhanced Flexibility of
Operation
1.Economic Growth
2. Better Fiscal Discipline 2.Decrease in Government Debt
3. Lower Interest Costs 3.Reduced Interest Rates
4.Opportunities for Investment 4.Lower Level of Public Services

10. Expenditures > Revenues

13. Revenue deficit is excess of
total revenue expenditure of
the government over its
total revenue receipts. It is
related to only revenue
expenditure and revenue
receipts of the government.
Fiscal deficit is defined as
excess of total budget
expenditure over total budget
receipts excluding borrowings
during a fiscal year.
Primary deficit is defined as
fiscal deficit of current year
minus interest payments on
previous borrowings.
3 Types of Deficit Budget

14. References:
https://www.toppr.com/ask/content/story/amp/balan
ced-surplus-and-deficit-budget-101509/
https://www.investopedia.com/terms/b/budget.asp
https://byjus.com/commerce/balanced-surplus-and-deficit-budget/
https://www.economicsdiscussion.net/budget/3-types-of-budget-deficits-and-
their-measures-micro-economics/753