Budgetary deficit can be expressed as:

CA Foundation · Business Economics · MTP · September 2024
Budgetary deficit can be expressed as:
(A) A. the excess of public expenditure over public revenue
(B) B. the sum of deficit on revenue account and deficit on capital account
(C) C. that portion of government expenditure which is financed through the sale of 91 days Treasury Bills and drawing down of cash balances
(D) D. all the above

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. all the above

Topics: Public Finance

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