Economics · Fiscal Policy
What is meant by 'Gross Fiscal Deficit' in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The difference between non-tax revenue and total expenditure only
- 2The difference between tax revenue and total expenditure only
- 3The difference between total expenditure and total revenue (excluding borrowings)✓
- 4The difference between total revenue and total expenditure
Correct answer
The difference between total expenditure and total revenue (excluding borrowings)
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