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Question
When the revenue receipts are less than the revenue expenditures in a government budget, this shortfall is termed as
Options
Revenue deficit
Fiscal deficit
Primary deficit
None of the above
MCQ
Solution
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
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Measures of Government Deficit Or Surpluses
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