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Can there be fiscal deficit without …

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Can there be fiscal deficit without revenue deficit?

    • Posted by Hardik Kumar 5 years, 3 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Priyanshu Abhineet 5 years, 3 months ago

    Yes. There can be fiscal deficit even without revenue deficit. The two ways it can be are - 1. When there is balanced revenue budget but there is a deficit in the capital budget. 2. When there is a surplus in the revenue budget but the deficit in the capital budget is larger than the surplus.

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