Economics · Government Budget
Select the correct statement regarding government budgets.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The amount collected by the government in the form of interest, fees, and dividends is known as tax revenue receipt.
- 2The capital budget is not a part of the government budget.
- 3An annual statement of the government's fiscal revenue and fiscal expenditure is known as the fiscal budget.
- 4A fiscal deficit is a shortfall in a government's income compared with its spending.✓
Correct answer
A fiscal deficit is a shortfall in a government's income compared with its spending.
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