Budgetary deficits must be financed by either taxation, borrowing or printing money. Governments have mostly relied on borrowing, giving rise to...... Option 1: Government expenditure. Option 2: Government surplus. Option 3: Government budget. Option 4: Government debt.

The answer is 'Government debt.'. View full solution:

CUET Economics - Budgetary deficits must be financed by either taxation, borrowing or printing money. Governments have mostly relied on borrowing, giving rise to...... | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Macro

Easy

Government expenditure.

Government surplus.

Government budget.

Government debt.

✅ Correct Option: 4

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List-I	List-II
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(C) Revenue deficit	(III) Revenue expenditure – Revenue receipts
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Match List-I with List-II

List-I	List-II
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