Social Sciences, asked by gurpreetsingh8152, 1 year ago

What is deficit? Mention the types of deficits.

Answers

Answered by piyushpatro2003
13

There can be different types of deficit in a budget depending upon the types of receipts and expenditure we take into consideration. Accordingly, there are three concepts of deficit, namely


(i) Revenue deficit

(ii) Fiscal deficit and

(iii) Primary deficit.

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