Question

Fiscal deficit in the Union Budget means

Answer 1

the sum of budgetary dificit and net increase in internal and external borroeings

Answer 2

A fiscal deficit is regarded by some as a positive economic event. For example, economist John Maynard Keynes believed that deficits help countries climb out of economic recession. On the other hand, fiscal conservatives feel that governments should avoid deficits in favor of a balanced budget policy.