Question

As per the data presented in the Union Budget 2023-24, the total receipts of the government other than borrowings and the total expenditure are estimated at ₹ 27.2 lakh crore and ₹ 45 lakh crore respectively.

The value of the ________ deficit would be ₹ 17.8 lakh crore.

Options

• revenue

• fiscal

• budgetary

• primary

Answer 1

As per the data presented in the Union Budget 2023-24, the total receipts of the government other than borrowings and the total expenditure are estimated at ₹ 27.2 lakh crore and ₹ 45 lakh crore respectively.

The value of the fiscal deficit would be ₹ 17.8 lakh crore.

Explanation:

• The fiscal deficit is the difference between the government's total expenditure and receipts, excluding borrowings.
• In this case, with total expenditure at ₹45 lakh crore and total receipts (other than borrowings) at ₹27.2 lakh crore, the fiscal deficit amounts to ₹17.8 lakh crore, indicating the shortfall that needs to be financed through borrowing.