Explanation:

Deficit financing is the budgetary situation where expenditure is higher than the revenue. It is a practice adopted for financing the excess expenditure with outside resources. The expenditure revenue gap is financed by either printing of currency or through borrowing.
Various indicators of deficit in the budget are:
Budget deficit= total expenditure– total receipts
Revenue deficit= revenue expenditure– revenue receipts
Fiscal Deficit= total expenditure– total receipts except borrowings
Primary Deficit= Fiscal deficit- interest payments
Effective revenue Deficit= Revenue Deficit– grants for the creation of capital assets
Monetized Fiscal Deficit= that part of the fiscal deficit covered by borrowing from the RBI.