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Budget — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsBudget2 Marks
Question
What is Deficit Budget ?
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Answer

  • A budget in which Government Estimated Expenditure is more than Estimated Income is called Deficit Budget.
  • In this situation Govt. has to take loan from public, bank and financial institute to meet the deficit.
  • Some time Govt. borrows treasury bills from Central bank which is called deficit budget.
  • This increases supply of money in the Economy.

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