What situation would result if Government expenditure exceeds the Government revenue on Current Acco...........

General Studies (CGL) Indian Economy

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What situation would result if Government expenditure exceeds the Government revenue on Current Account?

Deficit budgeting

Zero-based budgeting

Performance-based budgeting

Surplus budgeting

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Explanation:

Deficit financing is a result when a Government expends more than its revenue on current account.A budget deficit occurs when expenses exceed revenue and indicate the financial health of a country. The government generally uses the term budget deficit when referring to spending rather than businesses or individuals.