Economics · Fiscal Policy
In relation to fiscal deficit, which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fiscal deficit = Total revenue expenditure - Total revenue receipts
- 2Greater fiscal deficit implies lesser borrowing by the government
- 3Fiscal deficit = Total expenditure - Total receipts excluding borrowings✓
- 4Fiscal deficit = Primary deficit - Interest payments
Correct answer
Fiscal deficit = Total expenditure - Total receipts excluding borrowings
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