Advertisements
Advertisements
Question
Define fiscal deficit.
Advertisements
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.
APPEARS IN
RELATED QUESTIONS
Fiscal deficit equals :
(a) Interest payments
(b) Borrowings
(c) Interest payments less borrowing
(d) Borrowing less interest payments
Explain 'Revenue Deficit in a Government budget? What does it indicate?
Suppose marginal propensity to consume is 0.75 and there is a 20 per cent proportional income tax. Find the change in equilibrium income for the following (a) Government purchases increase by 20 (b) Transfers decrease by 20.
Explain the relation between government deficit and government debt.
Does public debt impose a burden? Explain.
Discuss the issue of deficit reduction.
Classify the following statement into positive economic or normative economic, with suitable reason:
Government should try to control the rising fiscal deficit.
Which of the following factors necessitated the need for economic reforms?
A fiscal deficit is equal to borrowings. It is ______
What is relation between government deficit and government debt?
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.
______ are the transactions between the residents of two countries that take place due to consideration of profit.
Which of the following transactions are correct about ORT?
Which of the following statements is true?
Primary deficit is borrowing requirements of government for making:
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?
