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Do You Know What Is Fiscal Deficit? |
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Answer» It is a situation, wherein the total expenditure of the government EXCEEDS its total INCOME. This cannot be compared to debts as these are NOTHING, but the collection of yearly deficits. It is a situation, wherein the total expenditure of the government exceeds its total income. This cannot be compared to debts as these are nothing, but the collection of yearly deficits. |
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