Question

19. Explain the sources of financing deficits.
20. Distinguish between plan and non plan expenditure.​

Answer 1

Answer:

19. There are three sources of deficit financing in our country namely foreign loan, domestic borrowing and cash balance.

20. Non-plan expenditure is what the government spends on the so-called non-productive areas, such as salaries, subsidies, loans and interest, while plan expenditure pertains to the money to be set aside for productive purposes, like various projects of ministries.

Explanation:

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