Public Finance and Debt Management

Economic Affairs

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Indian Economy - Understanding the basics of Indian economic system

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Excess of public expenditure over public revenue leads to

deficit financing

capital formation

tax reduction

surplus creation

Explanation:

Excess of public expenditure over public revenue leads to deficit financing.
The term “deficit financing” in India refers to the entire net credit extended by the Reserve Bank of India to the central and state governments to meet their budgetary deficits.

By: Abhipedia

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