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In the budget figures of the Government of India the difference between total expenditure and total receipts is called
- a)fiscal deficit
- b)budget deficit
- c)revenue deficit
- d)current deficit
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
In the budget figures of the Government of India the difference betwee...
Explanation:
The budget figures of the Government of India consist of two parts - total expenditure and total receipts. These two figures are used to calculate the fiscal deficit.
Fiscal Deficit:
Fiscal deficit is the difference between the total expenditure of the government and its total receipts excluding borrowing. This means that the fiscal deficit is the amount of money the government needs to borrow in order to meet its total expenditure.
Calculation of Fiscal Deficit:
Fiscal deficit can be calculated using the following formula:
Fiscal Deficit = Total Expenditure - Total Receipts (excluding borrowing)
Importance of Fiscal Deficit:
Fiscal deficit is an important measure of the financial health of a government. A high fiscal deficit indicates that the government is spending more money than it is earning, which can lead to inflation and other economic problems. On the other hand, a low fiscal deficit indicates that the government is able to manage its finances effectively.
Conclusion:
In conclusion, the difference between total expenditure and total receipts in the budget figures of the Government of India is called fiscal deficit. This figure is an important measure of the government's financial health and is used to monitor its spending and borrowing.
The budget figures of the Government of India consist of two parts - total expenditure and total receipts. These two figures are used to calculate the fiscal deficit.
Fiscal Deficit:
Fiscal deficit is the difference between the total expenditure of the government and its total receipts excluding borrowing. This means that the fiscal deficit is the amount of money the government needs to borrow in order to meet its total expenditure.
Calculation of Fiscal Deficit:
Fiscal deficit can be calculated using the following formula:
Fiscal Deficit = Total Expenditure - Total Receipts (excluding borrowing)
Importance of Fiscal Deficit:
Fiscal deficit is an important measure of the financial health of a government. A high fiscal deficit indicates that the government is spending more money than it is earning, which can lead to inflation and other economic problems. On the other hand, a low fiscal deficit indicates that the government is able to manage its finances effectively.
Conclusion:
In conclusion, the difference between total expenditure and total receipts in the budget figures of the Government of India is called fiscal deficit. This figure is an important measure of the government's financial health and is used to monitor its spending and borrowing.
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In the budget figures of the Government of India the difference between total expenditure and total receipts is called a)fiscal deficit b)budget deficit c)revenue deficit d)current deficitCorrect answer is option 'A'. Can you explain this answer?
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