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Explain 'Revenue Deficit in a Government budget? What does it indicate? - Economics

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प्रश्न

Explain 'Revenue Deficit in a Government budget? What does it indicate?

What is revenue deficit in government budget?

Explain the meaning of Revenue deficit

What is revenue deficit?

Define revenue deficit

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उत्तर

Revenue deficit means the excess of revenue expenditure of the government over its revenue receipts.
Revenue deficit = Revenue expenditure − Revenue receipts

Revenue deficit is indicated to the government as follows:

  1. Regular receipts of the government are not enough to meet regular expenditures.
  2. The government is using up savings of other sectors of the economy to meet its consumption expenditure.
  3. This gives a signal to either reduce its expenditure or increase its revenue. Curtail expenditure by taking steps to avoid unproductive expenses and increase revenue from various sources of tax and non-tax revenues
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अध्याय 30: Budget - TEST QUESTIONS [पृष्ठ ३०.२९]

संबंधित प्रश्न

Define fiscal deficit.


Define revenue


‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.


Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100 and consumption is given by C = 100 + 0.75Y (a) What is the level of equilibrium income? (b) Calculate the value of the government expenditure multiplier and the tax multiplier. (c) If government expenditure increases by 200, find the change in equilibrium income.


Consider an economy described by the following functions:- C = 20 + 0.80Y, I = 30, G = 50, TR = 100 (a) Find the equilibrium level of income and the autonomous expenditure multiplier in the model. (b) If government expenditure increases by 30, what is the impact on equilibrium income? (c) If a lump-sum tax of 30 is added to pay for the increase in government purchases, how will equilibrium income change?


Are fiscal deficits inflationary?


Regressive tax is that which is ______.


The primary deficit in a government budget is ______.


Which of the following statement is true?


Which of the following factors necessitated the need for economic reforms?


Read the following statements carefully and choose the correct alternatives given below:

Statement 1: Fiscal Deficit = Total Budget Expenditure - Total Budget Receipts (Net of borrowing)

Statement 2: Primary Deficit = Fiscal Deficit + Interest Payments.


______ in the budget is an important measure of deficit.


Which of the following statements are correct

Statement 1: Fiscal deficits are not necessarily inflationary; though, they are generally regarded as inflationary.

Statement 2: When the government expenditure increases and tax reduces, there is a government deficit and there will be a corresponding increase in the aggregate demand.


How do we get the primary deficit from the fiscal deficit?


If India exports goods worth ₹20 crores and imports goods worth ₹30 crores, it will have a ______


The shape of average revenue curve in monopoly is ______


How good is the system of G.S.T as compared to the old tax system?


On the basis of the given information, calculate the value of:

  1. Fiscal deficit
  2. Primary deficit
S.No. Items 2021-22
(₹ in crore)
(i) Revenue Receipts 20
(ii) Capital Expenditure 15
(iii) Revenue Deficit 10
(iv) Non-debt creating capital receipts 50% of revenue receipts
(v) Interest Payments 4

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