Question: Public debt is as important as tax revenue though it can lead to a crisis...
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Question: "Public debt is as important as tax revenue though it can lead to a crisis in least developed economies". Commented by an MBA Student in a Public finance discussion class. Required. (a) Using illustrations, discuss the student's assertion clearly bringing out the expenditures public debt is intended to meet (13 Marks) (b) Explain any challenges an LDC like Uganda may face if it largely finances its budget using public debt (12 marks) Question: "Public debt is as important as tax revenue though it can lead to a crisis in least developed economies". Commented by an MBA Student in a Public finance discussion class. Required. (a) Using illustrations, discuss the student's assertion clearly bringing out the expenditures public debt is intended to meet (13 Marks) (b) Explain any challenges an LDC like Uganda may face if it largely finances its budget using public debt (12 marks)
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Answer rating: 100% (QA)
Part a Expenditures Public Debt is Intended to Meet Public debt plays a crucial role in financing government expenditures when tax revenue falls short Lets illustrate this with some common expenditure... View the full answer
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