Ram was having a conversation with Jeet, Jeet said, "Developing countries generally prepare a Balanced budget", to which Ram replied," No i do not agree". What do you think about what Jeet said?

Jeet's statement is false

Jeet's statement is absolutely false, as a developing country focuses on expansion, which requires huge amount of expenditure. The result is that these countries often prepare a budget where the expenditure exceeds it revenue.