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प्रश्न
Distinguish between revenue deficit and fiscal deficit.
उत्तर
| Basis of Difference | Revenue Deficit | Fiscal Deficit |
| 1. Meaning | Excess of revenue expenditure of the government over its revenue receipts. | Excess of the total budget expenditure over total budget receipts net of borrowings |
| 2. Significance | The regular receipts of the government are not enough to meet its regular expenditures | The borrowings of the government, i.e. the debt capital receipts of the government |
| 3. Formula | Revenue deficit = Revenue expenditure − Revenue receipts |
Fiscal deficit = Total budget expenditure − (Total budget receipts − borrowings) i.e. Fiscal deficit = Borrowings |
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संबंधित प्रश्न
Define revenue
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| S. No. | Content | Rs (in crores) |
| 1. | Revenue Expenditure | 100 |
| 2. | Capital Receipts | 40 |
| 3. | Net Borrowings | 38 |
| 4. | Net Interest Payments | 27 |
| 5. | Tax Revenue | 50 |
| 6. | Non-tax Revenue | 15 |
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Reason (R): External borrowings increases the Fiscal deficit.
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Statement 2: When the government expenditure increases and tax reduces, there is a government deficit and there will be a corresponding increase in the aggregate demand.
Which of the following transactions are correct about ORT?
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