Arthik Mandi ke Samay kis Prakar ka budget banaya jata hai
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Deficit Budget
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- Deficit Budget resolve the problem of recession and depression which occurs mainly due to lack of effective demand. Increase in total expenditure of the govt , increases employment and income of the people. As a result, the mixture demand for consumer goods increases.
- In times of recession, a deficit budget is helpful in generating additional demand and support economic growth. in order to achieve this, a government mainly covers this amount via public borrowings through government bonds or by withdrawing from its accumulated reserve surplus.
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