What is back-door financing?

What is back-door financing?Back-door financing, an American concept, is the practice of governmental borrowing from the US treasury over and above legislature-approved budgeted expenses. The government resorts to this form of financing to meet unforeseen expenses arising out of events such as natural calamities.

Check Also

Sagittarius Zodiac Sign

Sagittarius Weekly Horoscope March 2018: Anupam V Kapil

Sagittarius Weekly Horoscope (November 22 – December 22) Sagittarius has the symbol of ‘The Archer’. …

Leave a Reply

Your email address will not be published. Required fields are marked *