asimrasool
New member
What does economic theory suggest? Textbook definitions will suggest that a government runs a budget deficit if government purchases of goods and services (g) (like defense expenditure, government employees, building roads etc.) exceed the net of tax revenues minus transfer payments (t) like welfare, social security payments etc. If this is the case, i.e. g exceeds the government would fund the deficit by borrowing from financial markets and issuing government debt. And in more official jargon we can say “outlays” exceed “receipts”.
This article includes:
hope u'll find this work usefull
Asim Rasool Malik
[email protected]
This article includes:
[*]Rationale of the Study
[*]Problem Statement
[*]Theoretical Framework
[*]Objectives
[*]Literature Review
[*]Methodology
[*]Results, Conclusion and Recommendations
hope u'll find this work usefull
Asim Rasool Malik
[email protected]