Deficit budget means that government’s

Assessment: WAEC SSCE - Economics - 2000 (Objective) Subject: Economics

Question 1 Report

Deficit budget means that government’s
Answer Details
Deficit budget means that the government's planned expenditure is more than the estimated income or revenue. In other words, the government is spending more money than it is earning. This may lead to borrowing and accumulation of debt, which can have long-term implications on the economy.
Read lesson note on The Theory Of Price Determination (JAMB)
Read lesson note on Economic Systems (JAMB)
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