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Thursday, 02 April 2026
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Budget deficit is the amount by which?

Budget deficit is the amount by which?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Total expenditure exceeds revenue
  • B Recurrent expenditure exceeds revenue
  • C Capital expenditure exceeds revenue
  • D Recurrent expenditure exceeds capital expenditure
Correct Answer: Option A
Explanation:
Budget deficit is the amount by which a government's expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.

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