Question

S. No.	Items	Budget Expenditure 2020-21 (percentage of GDP)
(i)	Revenue Receipts	20.21
(ii)	Gross Tax Receipts	24.23
(iii)	Net Tax Receipts	16.36
(iv)	Non-Tax Receipts	3.85
(v)	Non-debt Capital Receipts	2.25
(vi)	Non-debt Receipts	22.46
(vii)	Total Expenditure	30.42
(viii)	Revenue Expenditure	26.30
(ix)	Capital Expenditure	4.12

Identify the value of fiscal deficit:

विकल्प

• 6.09

• 7.96

• 3.85

• 4.12

Answer 1

7.96

Explanation:

Fiscal deficit = Revenue deficit + (Capital expenditure − Non-debt creating capital receipts)

Revenue deficit = Revenue expenditure − Revenue receipts

= 26.30 − 20.21

= 6.09

Revenue deficit + (Capital expenditure − Non-debt creating capital receipts)

= 6.09 + (4.12 − 2.25)

= 7.96