what is revenue deficit? what are its effects?
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Heya....
@@ Revenue deficits is the excess of total expenditure over total receipts....
@@ It's effect....
* It is the sign of Inflationary spiral in economy...
* It causes nation Dept ...
* Due to this in economy recession occur and it leads to low growth...
@@ Revenue deficits is the excess of total expenditure over total receipts....
@@ It's effect....
* It is the sign of Inflationary spiral in economy...
* It causes nation Dept ...
* Due to this in economy recession occur and it leads to low growth...
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