Economics · Budget Deficit
What is the fundamental definition of a Budget Deficit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The reduction of the national debt.
- 2The excess of total expenditure over total receipts.✓
- 3The difference between capital expenditure and revenue receipts.
- 4The excess of total revenue over total expenditure.
Correct answer
The excess of total expenditure over total receipts.
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