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It is the most useful method of promoting economic development. It may be used for the development of economic and social overheads such as construction of roads, railways, power projects, schools, hospitals, etc.

Meaning: "The term deficit financing is used to denote the direct addition to gross national expenditure through budget deficits whether the deficits are on the revenue or capital accounts".

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9579252

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