Economics · Public Finance and Fiscal Deficit
Which of the following statements correctly distinguishes off-budget borrowings from on-budget borrowings by State Governments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Off-budget borrowings are grants, while on-budget borrowings are loans
- 2Both off-budget and on-budget borrowings are excluded from fiscal deficit
- 3On-budget borrowings are included in fiscal deficit, while off-budget borrowings are not✓
- 4Off-budget borrowings are included in fiscal deficit, while on-budget borrowings are not
Correct answer
On-budget borrowings are included in fiscal deficit, while off-budget borrowings are not
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