The situation whereby the government of a country spends more than its budgets for a given financial year is known as?

By: |Published on: Oct 21|Categories: Economics JAMB| 0 comments

A. surplus budget
B. deficit budget
C. balanced budget
D. minus budget

Correct Answer:

Option B – deficit budget

Explanation

Deficit budget is a situation whereby government revenue is less than government expenditure.

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