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Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
What is meant by revenue deficit?
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Answer

Revenue deficit refers to the excess of revenue expenditure of the government over its revenue receipts.
Revenue Deficit = Revenue Expenditure - Revenue Receipts.

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