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Question
Borrowing in government budget is ______.
Options
Revenue deficit
Fiscal deficit
Primary deficit
Deficit in taxes
Solution
Borrowing in government budget is Fiscal deficit.
Explanation:
Borrowing in the government implies a fiscal deficit. The fiscal deficit is the excess of total expenditure, i.e. revenue and capital expenditure, over the total receipts, i.e. revenue and capital receipts excluding borrowings
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