Which of the following represents fiscal deficit?

Total income less government borrowing

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Total payments less total receipts

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Total payments less capital receipts

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Total expenditure less total receipts excluding borrowing

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Solution

The correct option is D Total expenditure less total receipts excluding borrowing
Fiscal deficit refers to the difference between total expenditure and total receipts excluding borrowings. Total expenditure includes revenue expenditure and capital expenditure. Total receipts includes revenue receipts and capital receipts.

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Similar questions

Q. Match List I with List II and select the correct answer using the codes given below the lists:

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

From the following data about a government budget, find (a) revenue deficit, (b) fiscal deficit, and (c) primary deficit:

Items (Rs in lakh)

(i) Tax revenue 50

(ii) Revenue expenditure 110

(iii) Capital expenditure 210

(iv) Non-tax revenue 30

(v) Capital receipts net of borrowing 140

(vi) Interest payments 20

The government budget of a hypothetical economy presents the following information, which of the following value represents Budgetary Deficit? (all fig. in crores of Rupees).

A. Revenue Expenditure = 25,000

B. Capital Receipts = 30,000

C. Capital Expenditure = 35,000

D. Revenue Receipts = 20,000

E. Interest Payments = 10,000

F. Borrowings = 20,000

Find Fiscal Deficit from the information given below:

Items (Rs in lakh)

(i) Borrowing by the government 600

(ii) Revenue receipts 100

(iii) Capital receipts 750

(iv) Interest payment 150

Find fiscal deficit, given the following information:

Items (Rs)

(i) Estimated total expenditure of the government 1,50,000

(ii) Revenue receipts 1,20,000

(iii) Non-debt capital receipts 10,000

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