Economics · Government Budget
Fiscal Deficit is defined as the excess of total expenditure over total receipts excluding borrowings. Mathematically, it can also be expressed as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Primary Deficit - Interest Payments
- 2Budgetary Deficit + Borrowings and other liabilities✓
- 3Budget Deficit - Capital Receipts
- 4Revenue Deficit - Interest Payments
Correct answer
Budgetary Deficit + Borrowings and other liabilities
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