Economics · Fiscal Policy
Which of the following expressions correctly represents the formula for Gross Fiscal Deficit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Gross Fiscal Deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad✓
- 2Gross Fiscal Deficit = Revenue Deficit + Capital Expenditure
- 3Gross Fiscal Deficit = Total Expenditure - Revenue Receipts
- 4Gross Fiscal Deficit = Primary Deficit + Net borrowing from abroad
Correct answer
Gross Fiscal Deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad
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