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The budget of Nigeria will be deficit if

The budget of Nigeria will be deficit if
  • A.
    revenue expenditure exceeds the revenue receipts
  • B.
    capital expenditure exceeds the capital receipts
  • C.
    revenue and capital receipts exceeds revenue and capital receipts
  • D.
    the government is spending more than its receipts
  • E.
    all of the above
Correct Answer: Option D
Explanation