What is fiscal deficit?
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Dipansu Agarwal 5 years, 2 months ago
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Yogita Ingle 5 years, 2 months ago
Fiscal Deficit It refers to the excess of total expenditure over the sum of revenue receipts and capital receipts excluding borrowings. It is calculated as
Fiscal Deficit = Total Budget Expenditure – Total Budget Receipts (excluding borrowings)
or
Fiscal Deficit = [Revenue Expenditure + Capital Expenditure] – [Revenue Receipts + Capital Receipts (excluding borrowings)]
or
Fiscal Deficit = Borrowings
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