Which of the following factors contribute to public debt of a country?

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Quizplus · Accepted Answer

All the options listed contribute to the public debt of a country. Undertaking public welfare projects often requires significant investment, which can lead to borrowing if the government's revenues are insufficient. An urge for economic growth can lead to increased spending on infrastructure and other growth-promoting activities, which may also be financed through debt if current revenues do not cover the costs. Inefficiencies and corruption within public organizations can lead to wasteful spending, requiring additional borrowing to meet the financial needs of planned projects or services.

Which of the Following Factors Contribute to Public Debt of a Country