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CBSE Class 12-commerce Macroeconomics Budget Deficit and its Measures

What are budget deficits? Understand the concept from the CBSE Class 12 Commerce Economics chapter The Government Budget and the Economy by referring to our revision notes, sample papers, past year papers etc. at TopperLearning.

The Capital Budget is an account of the assets and liabilities of the central government, which takes into consideration changes in capital. It consists of capital receipts and capital expenditure of the government. This shows the capital requirements of the government and the pattern of their financing. This includes all the components which give you the amount spent, earned, including money in surplus and deficit.

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