Para 4.12 — MSO

4.12 It must be remembered of course that although it may seem to be sound and prudent finance to meet any expenditure whether of a capital nature or otherwise from Revenue it must be a corollary of this action that the revenue derived from taxation and other revenue sources is sufficient to cover the expenditure debitable to it otherwise the debit to borrowed funds is merely disguised since in normal circumstances, revenue deficits must be financed from borrowings.