Define fiscal deficit
Explain the meaning of Fiscal deficit
What is fiscal deficit?
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
Fiscal deficit refers to the excess of total expenditure over total receipts excluding borrowings during the given fiscal year.
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)