Question
If the government borrows money from the World Bank to meet its future expenditures, it falls in the ___ budget.
Answer:
:
If the government borrows money from the World Bank, it increases the liability of the government as this money has to be paid back. Therefore it falls in the capital budget.
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:
If the government borrows money from the World Bank, it increases the liability of the government as this money has to be paid back. Therefore it falls in the capital budget.
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