Economics · Indian Budget
Which of the following best defines 'Fiscal Deficit'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The excess of total expenditure over total non-debt creating receipts, reflecting the total borrowing requirements of the government✓
- 2Capital Expenditure minus Capital Receipts
- 3Revenue Expenditure minus Revenue Receipts
- 4Total Expenditure minus Total Revenue Receipts
Correct answer
The excess of total expenditure over total non-debt creating receipts, reflecting the total borrowing requirements of the government
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