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