Neco 2018 Government Question 38
Practice objective / multiple choice question 38 from the 2018 Neco Government examination.
The projected national revenue is \(150\) billion Naira. Expenditures are: Education 30% of revenue, Health 20% of revenue, Infrastructure fixed at \(25\) billion, Defense 15% of revenue, Debt service fixed at \(10\) billion, Miscellaneous 5% of revenue. A new policy raises revenue by 8% of the original revenue through a VAT increase and simultaneously cuts Education spending by 10% of its original amount and Miscellaneous by 20% of its original amount. Compute the revised total revenue, revised total expenditures, and the resulting budget balance (positive = surplus, negative = deficit) in billions of Naira.
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About This Question
This is Neco 2018 Government Question 38. It is one of the objective questions from the 2018 Neco Government examination.
Difficulty level: Hard .
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