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Define Fiscal Deficit - Economics

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Definition

Define fiscal deficit

Explain the meaning of Fiscal deficit

What is fiscal deficit?

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Solution 1

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

Solution 2

Fiscal deficit refers to the excess of total expenditure over total receipts excluding borrowings during the given fiscal year.

Solution 3

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)

Concept: Measures of Government Deficit Or Surpluses
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