MCC presents surplus budget in the absence of elected body | Mysuru News
MYSURU: Regional Commissioner of Mysuru, GC Prakash, who also serves as the administrator for Mysuru City Corporation (MCC), presented a surplus budge.
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MYSURU: Regional Commissioner of Mysuru, GC Prakash, who also serves as the administrator for Mysuru City Corporation (MCC), presented a surplus budge.
There are three types of government budgets: balanced, surplus, and deficit. A balanced budget ensures economic stability and prevents imprudent expenditures, but it is not suitable for times of economic depression or deflation. A surplus budget indicates a country's financial affluence and can be implemented during inflation to reduce aggregate demand. A deficit budget, on the other hand, is best suited for developing economies like India, where it generates additional demand and boosts economic growth.
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