Economics · Public Finance
Budget deficit refers to the situation where there is a difference between:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total receipts and total expenditure of the government✓
- 2Fiscal deficit and repayment of loans
- 3Fiscal deficit and interest payments
- 4Revenue receipts and revenue expenditure
Correct answer
Total receipts and total expenditure of the government
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