In the context of a government budget, what does the term 'revenue deficit' represent?

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Economics · Fiscal Policy

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Excess of government’s revenue expenditure over revenue receipts

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Answer 1

Excess of total payments over total receipts excluding borrowings

Answer 2

Excess of total revenue over total expenditure

Answer 3

Excess of government’s revenue expenditure over revenue receipts

Answer 4

Excess of total receipts over total payments

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