Economics · Fiscal Deficit Definitions
The term 'Fiscal Deficit' is best defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The sum of primary deficit and capital expenditure
- 2The difference between total expenditure and total receipts excluding borrowings✓
- 3The difference between revenue expenditure and revenue receipts
- 4The difference between total expenditure and total receipts including borrowings
Correct answer
The difference between total expenditure and total receipts excluding borrowings
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