What is deficit financing? what role does it play in the economic development Deficit Financing :- Professor Dillard says that “The programme of public investment should be financed by the borrowing rather than by taxation this kind of borrowing is called deficit financing.” If during a given period of time the expenditure of government exceeds […]
What is Black economy [Explained]
What is Black economy A black economy is that portion of a country’s economy that is undocumented. Individuals prefer to operate within the black economy so that they can avoid making tax payments to the government, or to avoid price controls or rationing. The black economy operates by using cash payments or barter to settle […]
UK Debt Interest Payments
UK Debt Interest Payments Debt interest payments are the amount the government need to pay to holders of government bonds. It is the cost of servicing public sector debt. In 2016/17 the OBR forecast £49.1bn – approx 2.5% of GDP In 2017/18, the OBR forecast UK debt interest payments will be £55bn[1] The level of […]
UK Budget Deficit
The budget deficit is the annual amount the government has to borrow to meet the shortfall between current receipts (tax) and government spending. Net borrowing for the UK 2016/17 is £45bn or 2.3% of GDP [OBR – J511] National debt or public sector net debt – is the total amount the government owes – accumulated […]
The decline of Yellow Pages
For those born in the digital age, a paper copy of business listings may seem something of an anachronism. Why leaf through a telephone directory, when you can search online and get more information at the tips of your fingers? Yellow Pages have announced that their paper directory will cease publication in 2019, and it […]