Economics · Fiscal Policy
Regarding the Bihar Fiscal Responsibility and Budget Management Act, 2006, what is the core implication of a revenue deficit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It indicates that funds are being successfully saved for future growth
- 2It shows a fiscal surplus available for capital investment
- 3It means the government borrows funds to meet its day-to-day recurring expenses✓
- 4It implies capital expenditures exceed revenue receipts
Correct answer
It means the government borrows funds to meet its day-to-day recurring expenses
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