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Finding Sales Tax / VAT

Very short an...

Question

Very short answer type question:
If the revenue receipts are Rs. 1,000 crores and revenue expenditure is Rs. 1,200 crore, how much will be the revenue deficit?

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Solution

Revenue Deficit $=$ Revenue Expenditure $-$ Revenue Receipts $=$ 1,200 - 1,000 = Rs. 200 crores.

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