When total expenditure = ₹ 63 lakh, revenue receipts = ₹ 27 lakh, capital receipts = ₹ 44 lakh, capital receipts net of borrowings = ₹ 22 lakh, then fiscal deficit will be ₹ 14 lakh. (True/ False)
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True.Explanation:
Fiscal deficit will be ₹ 14 lakh. Fiscal Deficit = Total expenditure - Revenue receipts - Capital receipts net of borrowings. = ₹ 63 lakh - ₹ 27 lakh - ₹ 22 lakh = ₹ 14 lakh. Therefore, fiscal deficit will be ₹ 14 lakh.
Fiscal deficit will be ₹ 14 lakh. Fiscal Deficit = Total expenditure - Revenue receipts - Capital receipts net of borrowings. = ₹ 63 lakh - ₹ 27 lakh - ₹ 22 lakh = ₹ 14 lakh. Therefore, fiscal deficit will be ₹ 14 lakh.
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