A deficit budget in one where the estimate revenue is ______ than the estimated expenditure.
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A deficit budget in one where the estimate revenue is less than the estimated expenditure.
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- 1View SolutionThe receipts which neither create any liability nor lead to any reduction in asset are called _________.
- 2View SolutionFill in the blank with the correct formula.
Fiscal deficit can be estimated using the formula ________. - 3View SolutionFiscal deficit is always equal to_________.
- 4View SolutionIn India, the Constitution requires the Central Government to prepare 'Annual Financial Statement', i.e. government budget for the country as a whole. In India, ________ department of government prepares annual budget statement.
- RBI.
- income tax.
- accounts.
- finance.
- 5View Solution_______ is the year which begins on 1st April and ends on 31st March of the following year.
- Current year.
- Fiscal year.
- New year.
- None of these.
- 6View SolutionValue added tax is an example ______ of tax.
- 7View SolutionRecovery of loans, borrowing and disinvestment etc. are the example of _______ receipts.
- 8View Solution________ is equal to fiscal deficit less interest payment.