The situation whereby the government of a country spends more than its budgets for a…

Economics JAMB 2015

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

  • surplus budget
  • deficit budget checkmark
  • balanced budget
  • minus budget

The correct answer is: B

Explanation

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