Question

When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as

विकल्प

• Revenue deficit

• Fiscal deficit

• Primary deficit

• None of the above

Answer 1

Revenue deficit

Explanation:

The term "revenue deficit" refers to a disparity between revenue receipts and revenue expenditures in a government budget. Revenue Expenditure - Revenue Receipts = Revenue Deficit