Which of the following is a demerit of deficit budget?
A. It shows that the governments do not have control on expenditures.
B. Governments borrow more and increase debts.
C. People are made to pay more taxes to enhance government incomes.
D. Both (A) and (B)
Answer:D
Which of the following is a demerit of deficit budget?
A. It shows that the governments do not have control on expenditures. B. Governments borrow more and increase debts. C. People are made to pay more taxes to enhance government incomes. D. Both (A) and (B)