Excess of total expenditure over total receipts is known as __________.

budgetary deficit

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revenue deficit

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fiscal deficit

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none of the above.

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Solution

The correct option is B budgetary deficit
Budgetary deficit also known as government deficit refers to a situation when the budget expenditure of the government are greater than the budget revenue of the government due to which the expenses exceed the revenue.

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Similar questions

List I (Term)	List II (Explanation)
A. Fiscal deficit	1. Excess of total expenditure over receipts
B. Budget deficit	2. Excess of revenue expenditure
C. Revenue deficit	3. Excess of total expenditure over total receipts less borrowings
D. Primary deficit	4. Excess of total expenditure over total receipts less borrowings and interest payments

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

Which among the following statements are correct about various budgetary deficits in India?

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