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Question

Total Expenditure - Total Receipts =

A
Budgetary Deficit
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B
Fiscal Deficit
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C
Revenue Deficit
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D
Primary Deficit
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Solution

The correct option is A Budgetary Deficit
Budgetary deficit is the excess of total government expenditure (both revenue and capital) over total government receipts (both revenue and capital). It is the deficit in the budgetary estimates of the government.

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