Economics · Fiscal Policy
Fiscal deficit refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total foreign debt of a country
- 2The excess of imports over exports
- 3The excess of total government expenditure over total receipts excluding borrowings✓
- 4Total tax revenue collected by the government
Correct answer
The excess of total government expenditure over total receipts excluding borrowings
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