CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Short answer type questions:
Explain the concept of 'fiscal deficit' in a government budget. What does it indicate?

Open in App
Solution

A fiscal deficit refers to a situation when total expenditure exceeds the total receipts. Thus, fiscal deficit is estimated as the difference between total expenditure and total receipts of the government.
It indicates the percentage of the rise in GDP during the year.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Debts and Deficits
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon