Economics · Public Finance
Fiscal Deficit is best defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total interest payment liabilities of the government in a financial year.
- 2The difference between total revenue receipts and tax revenue receipts.
- 3The excess of capital expenditure over revenue receipts.
- 4The excess of total government expenditure over total revenue receipts and non-debt capital receipts.✓
Correct answer
The excess of total government expenditure over total revenue receipts and non-debt capital receipts.
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