Question

Difference between fiscal deficit and fiscal policy

Answer 1

Explanation:

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. ... Generally fiscal deficit takes place due to either revenue deficit or a major hike in capital expenditure.

Answer 2

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Budgetary deficit is the excess of total expenditure (both revenue and capital) over total receipts (both revenue and capital). ADVERTISEMENTS: Following are three types (measures) of deficit:Fiscal deficit = Total expenditure – Total receipts excluding borrowings.