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The situation whereby in a fiscal year a government’s revenue receipt are less ...
Classroom
Economics Classroom
Jamb
Jamb 1981
Public Finance
Fiscal Policy And Its Instruments
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The situation whereby in a fiscal year a government’s revenue receipt are less than its expenditures is referred to as?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Budget deficit
B
Balance budget
C
Budget surplus ‘
D
Budget statement
E
Unfavourable budget.
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Show Explanation
Correct Answer:
Option A
Explanation:
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