When there is a difference between all receipts and expenditure of the Govt of India, both capital and revenue, it is called ___________.

revenue deficit

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budgetary deficit

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zero budgeting

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trade gap

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Solution

The correct option is C budgetary deficit
Budget deficit refers to the negative gap between revenue and expenditure of the government. It is required to be financed using public debt (borrowings of the government). The budgetary deficit is expressed as a percentage of GDP.
Symbolically: $B u d g e t a r y D e f i c i t = G o v e r n m e n t R e v e n u e - G o v e r n m e n t E x p e n d i t u r e$

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Similar questions

Receipts and Payments A/c is a summary of -

Receipts and Payments A/c is a summary of ___

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

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