Question

Different concepts of budutary deficit in india

Answer 1

Budgetary deficit is a multi-dimensional concept. It is quite easy to say that a budgetary deficit is simply the excess of public expenditure over public revenue. However, in practice, the concept admits of many variations, and yields widely divergent measures of budgetary deficit

Answer 2

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Definition: Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government. ... Budgetary deficit is usually expressed as a percentage of GDP.

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