Viewing the Significance of a Balanced Budget, Is It Necessary of Having It or Not?

Abstract

This paper deal with the necessity of balanced budget. The Budget is the government’s lifeline because all states do their financial activities including all revenue and expenditure and implementation of their plans in the framework of budget and it has vital role in economic development. The studies show that, it is good to have balanced budget but always we cannot to hold a balanced budget because of some other economic factors. The main problem when a nation faces a deficit budget is war and economics recession. There are different views about budget balance some economists say it is good but others disagree. I have chosen Afghanistan as a case study and I compared the revenue and expenditure for 2010-2016. In the first section of this paper, we have introduction, short history and definition of related topics, in the second section research methodology, and at the last part conclusion.