BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The net fiscal deficit is the gross fiscal deficit less net lending of the Central Government. The net primary deficit denotes net fiscal deficit minus net interest payments. Primary revenue balance denotes revenue deficit minus interest payments.

Detailed explanation-2: -A fiscal deficit is a difference between a government’s total revenue and expenses in a given fiscal year. It indicates the extent to which a government relies on borrowing to finance its spending. A fiscal deficit can be funded by issuing government bonds, increasing taxes, or running down foreign exchange reserves.

Detailed explanation-3: -Fiscal deficit = Total expenditure-Total receipts (excluding borrowings). Fiscal deficit = (Revenue expenditure + Capital expenditure)-(Revenue receipts + Capital receipts excluding borrowings).

Detailed explanation-4: -The Gross Fiscal Deficit (GFD) is known as the excess of total expenditure including loans net of recovery over net of revenue receipts and non-debt capital receipts. Fiscal Deficit is defined as the total revenue and the total expenditure of the government in a financial year.

Detailed explanation-5: -The government has budgeted fiscal deficit to be Rs 16.61 lakh crore or 6.4 per cent of the GDP in the current year ending March 2023. The deficit is funded by market borrowings. As per the Controller General of Accounts (CGA) data, the net tax revenue at Rs 12.24 lakh crore was 63.3 per cent of BE 2022-23.