Join Examsbook
Answer : 3. "Total expenditure – Total receipts other than borrowings"
Which of the following may be called a fiscal deficit?
5Q:
Which of the following may be called a fiscal deficit?
- 1Revenue expenditure − Revenue receiptsfalse
- 2Capital expenditure – Capital receiptsfalse
- 3Total expenditure – Total receipts other than borrowingstrue
- 4Revenue expenditure + Capital expenditure − Revenue receiptsfalse
- Show AnswerHide Answer
- Workspace
Answer : 3. "Total expenditure – Total receipts other than borrowings"
Explanation :
Fiscal Deficit is the difference between the total income of the government (total taxes and non-debt capital receipts) and its total expenditure. It occurs when the government's expenditure exceeds its income.