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

The situation whereby the government of a country spends more than its budgets for a given financial year is known as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Surplus budget
  • B Deficit budget
  • C Balanced budget
  • D Minus budget
Correct Answer: Option B
Explanation:
deficit budget is a situation whereby government revenue is less than government expenditure.

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