Economics · Public Finance
Which of the following correctly defines 'Fiscal Deficit'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Revenue expenditure + Capital expenditure − Revenue receipts
- 2Total expenditure − Total receipts excluding borrowings✓
- 3Capital expenditure − Capital receipts
- 4Revenue expenditure − Revenue receipts
Correct answer
Total expenditure − Total receipts excluding borrowings
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