Question

What is fiscal deficit? risk of high fiscal deficit?

Answer 1

Fiscal deficit refers to a situation where the expenditures of the government is more than revenue
If the fiscal deficit is high than govt have no revenue for the development of country

Answer 2

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High fiscal deficits imperil national saving rates, thereby reducing overall aggregate investment. This further jeopardises the sustainability of growth. Low levels of public -investment renders poor physical infrastructure incompatible with a large increase in the national domestic product.