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Questions
Define fiscal deficit
Explain the meaning of Fiscal deficit
What is fiscal deficit?
Solution 1
The fiscal deficit is the excess of total expenditure, i.e. revenue and capital expenditure over
total receipts. This measure reflects total borrowings of the government during the financial year
Solution 2
Fiscal deficit refers to the excess of total expenditure over total receipts excluding borrowings during the given fiscal year.
Solution 3
Fiscal deficit refers to the difference between the total budget expenditure and total budget receipts of the government, other than the borrowings and liabilities. That is,
Fiscal Deficit = Budget Expenditure – Budget Receipts (other than borrowing and liabilities)
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