The excess of the government's total expenditure over its total receipts excluding borrowings is termed as:

CA Foundation · Business Economics · PYQS · January 2025
The excess of the government's total expenditure over its total receipts excluding borrowings is termed as:
(A) A. Revenue deficit
(B) B. Fiscal deficit
(C) C. Primary deficit
(D) D. Budgetary deficit

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Fiscal deficit

Topics: Public Finance

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