Economics · Public Finance
Fiscal deficit in the Central Budget of India is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total expenditure minus revenue receipts
- 2Total expenditure minus capital receipts
- 3Revenue expenditure minus revenue receipts
- 4Total expenditure minus total receipts excluding borrowings and other liabilities✓
Correct answer
Total expenditure minus total receipts excluding borrowings and other liabilities
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