Question

Difference between budgetary deficit and fiscal deficit with comparison

Answer 1

if the receipts are equal to expenditure,the budget is said to be a balanced one.if receipts are higher then surplus and if receipts are lower then deficit budget.
so budget deficit is the difference between total receipts and expenditure(both revenue n capital) ..if the borrowings,liabilties are added to budget deficit then it will give u fiscal deficit.so fiscal deficit measures the part of govt expenditure financed by borrowings so fiscal deficit Is the difference between total expenditure and revenueand capital receipts excluding borrowings and other liabilties or it can also be derived by adding borrowings,liabilties to budget deficit