Question

What is meant by fiscal deficit.

Answer 1

Explanation:

A fiscal deficit is a shortfall in a government's income compared with its spending. The government that has a fiscal deficit is spending beyond its means. A fiscal deficit is calculated as a percentage of gross domestic product (GDP), or simply as total dollars spent in excess of income.

hope that it will help u..

Answer 2

Answer:

Explanation:

If the Expenditure of the government exceeds its Revenue it is known as Fiscal deficit.