Total expenditure =100000 revenue receipts =85000 non debt borrowing =5000 Then what is fiscal deficit
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fiscal deficit=total expenditure- total receipt
100000-85000-5000=10000
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The difference between total revenue and total expenditure of the government is termed as fiscal deficit. ... Description: The gross fiscal deficit (GFD) is the excess of total expenditure including loans net of recovery over revenue receipts (including external grants) and non-debt capital receipts.ation:
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