In Nigeria, the huge public debt is as a result of

In Nigeria, the huge public debt is as a result of

  • A.
    balanced budgeting
  • B.
    deficit budgeting
  • C.
    surplus budgeting
  • D.
    zero budgeting
Correct Answer: Option B
Explanation

A budget deficit typically occurs when expenditures exceeds revenue.

This is one of the major reasons for Nigeria huge debt profile. Government spends more than it generates in revenue.

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