The Implication Of Deficit Financing On The Nigerian Economy

PROPOSAL In an ordinary parlance, deficit financing can be seen as a budgetary situation whereby the expenditure of the government exceeds its revenue, accumulated through tax.  This budgetary system is undertaken by many developing countries of the world as a means of achieving some macro-economics objectives.   In conventional settings, deficit financing is seen as a policy strategy which is mostly undertaken to address macro-economic quagmires like depression and low output.  On the other hand, deficit financing still appears to be a strategy that has the tendency of mounting pressure on p…