Answer-Which of the following best defines Fiscal Deficit ?

Explanation Fiscal deficit Total expenditure Revenue receipts Non-debt capital receipts . It shows the total borrowing requirement of the government for that year.

Question

Which of the following best defines Fiscal Deficit ?

A Total Expenditure – Total Receipts (excluding borrowings)

B Total Revenue – Total Expenditure

C Capital Receipts – Capital Expenditure

D Revenue Expenditure – Revenue Receipts

E Net Borrowings – Interest Payments

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Which of the following best defines Fiscal Deficit ?

Solution