Question : What situation would result if government expenditure exceeds the government revenue in the current account?
Option 1: Deficit budgeting
Option 2: Zero-based budgeting
Option 3: Performance-based budgeting
Option 4: Surplus budgeting
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Correct Answer: Deficit budgeting
Solution : The correct option is Deficit budgeting .
When a government spends more money than it takes in during a given fiscal year, this is referred to as deficit budgeting. In other words, the government spends more than it brings in through taxes and other sources of income.
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Question : If the government revenue expenditure exceeds revenue receipt, it is called:
Question : When expenditure exceeds revenue, the budget is said to be in_____________.
Question : The gross primary deficit can be expressed as ______.
Question : A ____ deficit is financed by net capital flows the rest of the world, thus by a capital account surplus.
Question : Gross primary deficit is the difference between ______.
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