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

  • A balanced budgeting
  • B deficit budgeting
  • C surplus budgeting
  • D zero budgeting
jamb 2010economics

The correct answer is B. deficit budgeting

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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