Economics · Fiscal Policy
Fiscal Deficit is correctly defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total Budget Expenditure − Total Budget Receipts excluding borrowings✓
- 2Equal to Primary Deficit
- 3Capital Expenditure − Capital Receipts
- 4Revenue Expenditure − Revenue Receipts
Correct answer
Total Budget Expenditure − Total Budget Receipts excluding borrowings
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