The correct answer is A. Deficit Budget.
A deficit budget is a budget in which the government’s total expenditures exceed its total receipts. This means that the government is spending more money than it is taking in. The government can finance a deficit budget by borrowing money, which increases the national debt.
A surplus budget is a budget in which the government’s total receipts exceed its total expenditures. This means that the government is taking in more money than it is spending. The government can use a surplus budget to pay down the national debt or to invest in programs that will benefit the economy.
A balanced budget is a budget in which the government’s total expenditures equal its total receipts. This means that the government is neither spending more money than it is taking in, nor taking in more money than it is spending.
In conclusion, the excess of total expenditure over total receipts is a deficit budget.