GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the excess of total expenditure, including loans, net of lending over revenue receipts
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difference between revenue receipts and revenue expenditure
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difference between all receipts and all the expenditure
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fiscal deficit less interest payments
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Detailed explanation-1: -Definition: Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government. Description: Budgetary deficit is the sum of revenue account deficit and capital account deficit.
Detailed explanation-2: -A budget deficit occurs when expenditures surpass revenue and then up impacting the financial health of a country. The term budget deficit is generally used when talking about total economic spending rather than the budget of businesses or individuals. National debt is made of the accrued deficits in budget.
Detailed explanation-3: -Definition: The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government.
Detailed explanation-4: -The excess of revenue expenditures over revenue receipts is called revenue deficit.