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What is the rationality of Public Sector? Explain in the light of the concept of twin budget, deficit budget financing, debt recycle theory and the

What is the rationality of Public Sector? Explain in the light of the concept of twin budget, deficit budget financing, debt recycle theory and the sources of revenues. Moreover, it is said that the public sector is an efficient system as compare to the private sector if we put some strong recommendations and implementations. Justify this statement.

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