Which one of the following is the correct measurement of fiscal deficit in India ?

Excess of revenue expenditure over revenue receipts

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Difference between revenue receipts plus non-debt receipts and the total expenditure

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Total expenditure of the Government less interest payments

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Difference between revenue receipts and capital expenditure

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Solution

The correct option is A Difference between revenue receipts plus non-debt receipts and the total expenditure
Fiscal deficit in India is the difference between revenue receipts plus non-debt capital receipts and total expenditure.

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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

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

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

Particulers	(Rs. in Crore)
(i) Revenue Deficit	6,000
(ii) Revenue Expenditure	11,000
(iii) Capital Expenditure	14,000
(iv) Non-debt Creating Capital Receipts	8,000
(v) Interset Payments	7,000

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

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