Explain the meaning of the following:Fiscal deficit

1.	Explain the meaning of the following:Fiscal deficit
Answer» Fiscal Deficit: The excess of the total expenditure (revenue and capital expenditure) over the actual receipts excluding borrowings (revenue and capital receipts) over a period of one accounting year, is termed as Fiscal Deficit. Fiscal Deficit is met by the borrowings of the government. It increases the liability of the government in the form of repayment of loans with interest. Fiscal Deficit= Total Budget Expenditure - Total Budget Receipts (Excluding Borrowing)

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Fiscal Deficit: The excess of the total expenditure (revenue and capital expenditure) over the actual receipts excluding borrowings (revenue and capital receipts) over a period of one accounting year, is termed as Fiscal Deficit. Fiscal Deficit is met by the borrowings of the government. It increases the liability of the government in the form of repayment of loans with interest.

Fiscal Deficit= Total Budget Expenditure - Total Budget Receipts (Excluding Borrowing)

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Explain the meaning of the following:Fiscal deficit

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