CBSE Class 12-commerce Answered
What
is fiscal deficit?
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
Expert Answer
Fiscal deficit is the excess of total expenditure i.e. revenue and capital expenditure over the total receipts i.e. revenue and capital receipts excluding borrowings.
Fiscal deficit = Total budget expenditure - Total budget receipts (excluding borrowings)
Answered by | 19 Apr, 2016, 11:14: AM
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