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Question
Fiscal deficit equals ______.
Options
total budgetary expenditure − total receipts
total budgetary expenditure − revenue receipts
total budgetary expenditure − capital receipts
total budgetary expenditure − revenue receipts − capital receipts (excluding borrowings)
MCQ
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Solution
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)
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