Budget Deficit is?

Total Expenditure - Total Receipt

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Total Receipt - Total Expenditure

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Revenue Receipt - Capital Receipt

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Revenue Expenditure - Capital Expenditure

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Solution

The correct option is A Total Expenditure - Total Receipt
Budget Deficit = Total Expenditures by the Government − Total Income of the government
Total income of the government includes corporate taxes, personal taxes, stamp duties, etc.
Total expenditure includes the expense in defense, energy, science, healthcare, social security, etc.

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Similar questions

Find budget deficit from the following data:

Items (Rs in crore)

(i) Revenue receipts 40,000

(ii) Revenue expenditure 30,000

(iii) Capital receipts 30,000

(iv) Capital expenditure 50,000

Calculate Budgetary Deficit from following data:

Items (Rs In crore)

(i) Revenue expenditure 60,000

(ii) Capital expenditure 30,000

(iii) Revenue receipts 50,000

(iv) Capital receipts 25,000

List-I (Type of budget deficit)	List-II (Measurement of deficit)
A. Revenue Deficit	$1$ . Gap between total expenditure and total receipts
B. Fiscal Deficit	$2$ . Excess of revenue expenditure over revenue receipts
C. Primary Deficit	$3$ . Fiscal deficit less interest payments
D. Budgetary Deficit	$4$ . Difference between revenue receipts plus certain non-debt capital receipts and the total expenditure including loans, net of repayments

Find fiscal deficit, given the following information:

Items (Rs)

(i) Estimated total expenditure of the government 1,50,000

(ii) Revenue receipts 1,20,000

(iii) Non-debt capital receipts 10,000

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