Define fiscal deficit
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Yogita Ingle 6 years, 9 months ago
A fiscal deficit is a gap by which government’s total expenditures exceed the government’s total generated revenue. This, however, does not include the government borrowings.
Fiscal deficit = Total expenditure – Total receipts excluding borrowings
Fiscal deficit indicates the amount of money that the government will need to borrow during the financial year. A greater deficit implies more borrowing by the government and the extent of the deficit indicates the amount of expense for which the money is borrowed.
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