Question

Why are borrowings excluded from Fiscal deficit?​

Answer 1

ᴀɴsᴡᴇʀ-:

✯Fiscal deficit indicate the excess of government expenditure over receipts except borrowing. ... It is easy to recognise that borrowing can be termed as a receipt, but it is not revenue for the government. Thus, the term total receipt is used rather than total revenue to include borrowing.

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