Economics · Fiscal Deficit
Which of the following best describes the textual definition of Fiscal Deficit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total borrowings of the government minus interest payments on past debt
- 2The gap between capital receipts and capital expenditure during a financial year
- 3The difference between total revenue receipts and total revenue expenditure
- 4The excess of total expenditure over total receipts excluding borrowings✓
Correct answer
The excess of total expenditure over total receipts excluding borrowings
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