Economics · Public Finance
Fiscal deficit is equal to which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Total Expenditure + Total Receipts
- 2Total Expenditure - Total Receipts (excluding borrowings)✓
- 3Revenue Expenditure + Revenue Receipts
- 4Capital Expenditure - Capital Receipts
Correct answer
Total Expenditure - Total Receipts (excluding borrowings)
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