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Define the Unbalanced Budget? Or What is Meant by Unbalanced Budget?
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An Unbalanced Budget is that budget in which receipts and expenditure of the government are not equal. This may be a situation of : (a) Surplus Budget, or (b) Deficit Budget.

(a) Surplus Budget :

Surplus budget is a budget in which the government receipts are greater than the government expenditures.

Surplus Budget : Estimated Government Receipts > Estimated Government Expenditures.

(b) Deficit Budget :

Deficit budget is a budget in which the government expenditures are the greater than the Government Receipts.

Deficit Budget : Estimated Government Expenditures > Estimated Government Receipts.

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