Economics · Public Finance
Fiscal deficit in the Union Budget of India broadly means:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1the total monetization of deficit during a specific financial year.
- 2the total excess of expenditure over non-debt receipts, reflecting the net increase in total internal and external borrowings.✓
- 3the net increase in the short-term borrowings of the Union Government from the Reserve Bank of India.
- 4the difference between revenue expenditure and revenue receipts.
Correct answer
the total excess of expenditure over non-debt receipts, reflecting the net increase in total internal and external borrowings.
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