The difference between total expenditure and total receipts is ______.

fiscal deficit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

budget deficit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

primary deficit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

revenue deficit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B budget deficit
The budget deficit is the difference between current government's spending on goods and services and total current revenue from all types of taxes net of transfer payments.

Suggest Corrections

Similar questions

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?

Codes :

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

50

20

100

Join BYJU'S Learning Program