DEFICIT FINANCING
It is a planned excess of expenditure over income. Most governments often spend more than they raise in taxation, the difference being financed by borrowing. it is used in economics to refer to a planned budget deficit incurred in the interest of expanding aggregate demand by relaxing Fiscal Policy and injecting Purchasing Power into the economy.
It is a planned excess of expenditure over income. Most governments often spend more than they raise in taxation, the difference being financed by borrowing. it is used in economics to refer to a planned budget deficit incurred in the interest of expanding aggregate demand by relaxing Fiscal Policy and injecting Purchasing Power into the economy.
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