Economics · Indian Economy
In India, what does 'Gross Fiscal Deficit' mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The difference between capital expenditure and revenue expenditure.
- 2The sum of primary deficit and interest payments.
- 3The difference between total expenditure and total revenue excluding borrowings.
- 4The difference between total revenue and total expenditure.✓
Correct answer
The difference between total revenue and total expenditure.
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