Question

Fiscal deficit equals ______.

पर्याय

• total budgetary expenditure − total receipts

• total budgetary expenditure − revenue receipts

• total budgetary expenditure − capital receipts

• total budgetary expenditure − revenue receipts − capital receipts (excluding borrowings)

Answer 1

Fiscal deficit equals total budgetary expenditure − revenue receipts − capital receipts (excluding borrowings).

Explanation:

Fiscal deficit measures the total borrowing requirement of the government.

It is calculated as

Fiscal Deficit = Total Budgetary Expenditure − (Revenue Receipts + Non-Debt Capital Receipts)