Distinguish between ‘fiscal deficit’ and ‘revenue deficit’. What does fiscal deficit indicate?
CBSE OUTSIDE DELHI - SET 1 2007
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Fiscal deficit is the excess of total expenditure over total receipts excluding borrowings and revenue deficit is the excess of revenue expenditure over revenue receipts.
Fiscal deficit measures the total borrowing requirements of the government.
Fiscal deficit measures the total borrowing requirements of the government.
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