Economics · Indian Economy

What is the meaning of 'Fiscal Deficit' in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The difference between only non-tax revenue and total expenditure.
2The difference between only tax revenue and total expenditure.
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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What is the meaning of 'Fiscal Deficit' in India?

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