Question

what is meant by fiscal deficit​

Answer 1

Answer:

Difference between total expenditure and total revenue

Explanation:

the difference between total expenditure and total revenue of the government is termed as fiscal deficit

Answer 2

Answer:

The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government.

The net fiscal deficit is the gross fiscal deficit less net lending of the Central government.

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