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Define revenue deficit. - Economics

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Question

Define revenue deficit.

Definition
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Solution

Revenue deficit refers to the excess of revenue expenditure of the government over its revenue receipts.

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Chapter 30: Budget - EXAMINATION CORNER [Page 30.30]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 30 Budget
EXAMINATION CORNER | Q 20. c | Page 30.30
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