What is Budget Deficit?

Deficit always refers to “Unequal or input of reduced estimates leading gap in the budget presented for a particular financial period/term”. Thus Budget deficit is also related to the gap between governments estimates regard total value of expenditures which is more than total cost of average revenue generated per population”. It is very harmful as it leads to Inflation (Increased rates of commodities), rise of taxation, downturn of economy and recessed economic markets etc.

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