_________ is defined as the excess of total estimated expenditure over total estimated revenue and is the difference between all receipts and…
CA Foundation · Business Economics · PYQS · September 2025
_________ is defined as the excess of total estimated expenditure over total estimated revenue and is the difference between all receipts and expenditures, both revenue and capital.
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Budgetary Deficit
Topics: Public Finance
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