Fiscal deficit in the Union Budget means ........

Indian Economic System Budgeting and Fiscal policy

Fiscal deficit in the Union Budget means :

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CAPF 2023 Paper-1

the difference between current expenditure and current revenue.

net increase in the borrowings of the Union Government from the Reserve Bank of India .

the sum of budgetary deficits and the net increase in internal and external borrowings.

None of the above

net increase in the borrowings of the Union Government from the Reserve Bank of India .

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.

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