n the given information, calculate: (a) Revenue Deficit and (b) Fiscal Deficit
(i) Tax Revenue
1200
(ii) Revenue Expenditure
3,700
(iii) Non-tax Revenue
2,000
(iv) Recovery of Loans
145
(v) Capital Expenditure
500
(vi) Disinvestment
120
(vii) Interest Payments
1,070
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Answer:
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Given:
Tax Revenue = 1200
Revenue Expenditure = 3,700
Non-tax Revenue = 2,000
Recovery of Loans = 145
Capital Expenditure = 500
Disinvestment = 120
Interest Payments = 1,070
To Find:
Revenue Deficit = ?
Fiscal Deficit = ?
Solution:
Revenue Deficit = Revenue Expenditure + Revenue Receipts
Revenue Receipts = Tax Revenue + Non-tax Revenue
Revenue Receipts = 1200 + 2000 = 3200
Revenue Deficit = 3700 - 3200 = 500
Fiscal Deficit = Revenue Expenditure + Capital Expenditure - Revenue Receipts - Capital Receipts
Capital Receipts = Recovery of Loans + Disinvestment
Capital Receipts = 145 + 120 = 265
Fiscal Deficit = 3700 + 500 - 3200 - 265 = 735
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