Economics · Fiscal Policy
Which of the following correctly defines 'Fiscal Deficit'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total Revenue - Total Expenditure
- 2Total Expenditure - Total Revenue (excluding borrowings)✓
- 3Total Expenditure - Total Receipts
- 4Total Receipts - Total Expenditure
Correct answer
Total Expenditure - Total Revenue (excluding borrowings)
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