passwella.
Menu

WAEC Economics 2012 Question 43

Question 43

Public Finance

A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as

  1. A.surplus budgeting.
  2. B.supplementary budgeting.
  3. C.balanced budgeting.
  4. D.deficit budgeting.
Show the answer and explanation

Answer: D (deficit budgeting.)

Explanation

Planned spending greater than expected revenue is a deficit budget.