The principle of public expenditure that requires that Government should avoid shortfall of revenue in comparison with its expenditure is termed as

Related MCQs

• Balanced budget means ................ between revenue and expenditure.
• When expenditure exceeds total tax revenue, it is called:
• The provision of public goods requires
• The main source of revenue of federal government is:
• According to Wiseman and peacock, public expenditure will increase in a
• Concept of concentration and displacement effect in public expenditure are attributed to
• An empirical law to the effect of growing public expenditure was propounded by
• Pure theory of public expenditure is based on ..............
• Peacock and Wiseman Hypothesis on public expenditure consists of three concepts which are:
• During the process of economic development, the share of public expenditure to Gross Domestic Product tends to expand. This is called: