Question

S. No.	Items	Budget Expenditure 2020-21 (percentage of GDP)
(i)	Revenue Receipts	20.21
(ii)	Gross Tax Receipts	24.23
(iii)	Net Tax Receipts	16.36
(iv)	Non-Tax Receipts	3.85
(v)	Non-debt Capital Receipts	2.25
(vi)	Non-debt Receipts	22.46
(vii)	Total Expenditure	30.42
(viii)	Revenue Expenditure	26.30
(ix)	Capital Expenditure	4.12

Revenue deficit in the government budget is ______.

Options

• Fiscal deficit + Interest Payments

• Total Expenditure − Total Receipts

• Total Receipts − Total Expenditure

• Revenue Expenditure − Revenue Receipts

Answer 1

Revenue deficit in the government budget is Revenue Expenditure − Revenue Receipts.

Explanation:

Revenue deficit = Revenue expenditure - Revenue receipts