The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government. While calculating the total revenue, borrowings are not included. Which of the following defines Fiscal Deficit?
This questions was previously asked in
RRB Officer Scale-I Mains (1st Oct 2022)
Budget Expenditure - Budget Receipts Excluding Borrowings
Correct AnswerPrimary Deficit- Budget Expenditure
Incorrect AnswerCapital Expenditure- Capital Receipts
Incorrect AnswerRevenue Expenditure - Revenue Receipts
Incorrect AnswerRevenue Receipts - Revenue Expenditure
Incorrect AnswerExplanation:
Budget Expenditure - Budget Receipts Excluding Borrowings
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By: Parvesh Mehta