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Define the following (a) Deficit financing (b) Budget (c) Fiscal policy

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a) Deficit financing-it is the issuing of new notes or borrowing from the Central bank

b) Budget-is a statement which consists of the revenue and expenditure estimates of the government for one particular year

c) Fiscal policy-is the policy according to which the government changes its revenue amd expenditure programmes to achieve desirable effects and to avoid undesirable effects on production,distribution and employment level

Bom answered the question on March 24, 2018 at 10:24

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Define the following (a) Deficit financing (b) Budget (c) Fiscal policy

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