Question

The difference between the revenue receipts and revenue expenditure of the government is known as ______.

Options

• revenue deficit

• budget deficit

• fiscal deficit

• primary deficit

Answer 1

The difference between the revenue receipts and revenue expenditure of the government is known as revenue deficit.

Explanation:

The concept of revenue deficit is simple and straightforward. It denotes the difference between revenue receipts and revenue expenditure.

Thus, Revenue Deficit = Revenue Expenditure – Revenue Receipts.