Economics · Public Finance
In the context of the Central Budget in India, what does 'Fiscal Deficit' signify?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The net increase in the central government's borrowings from the Reserve Bank of India only
- 2The sum of the monetized deficit and the budgetary deficit
- 3The difference between current revenue receipts and current revenue expenditure
- 4The excess of total expenditure over total non-debt creating receipts (Revenue Receipts + Non-debt Capital Receipts)✓
Correct answer
The excess of total expenditure over total non-debt creating receipts (Revenue Receipts + Non-debt Capital Receipts)
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