- Financial year 2011-12 saw a fiscal deficit of approximately 5.7% of GDP. - Subsequently, the fiscal deficit ratio showed a declining trend: - ~4.1% - These high deficits followed the global financial crisis of 2008 and subsequent stimulus measures.
Fiscal deficit/GDP ratio has been maximum in the financial year
Asked in UPPSC Upper Mains 2015 · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
More Economic Development questions
- Statement-I: Fiscal deficit is greater than budgetary deficit. Statement-II: Fiscal deficit is the borrowings from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure.
- Match List I with List II and select the correct answer using the codes given below the Lists: List I List II (Term) (Explanation) I. Fiscal de‐ A) Excess of Total Expenditure ficit over Total Receipts II. Budget B) Excess of Revenue Expenditure deficit over Revenue Receipts C) Excess of Total Expenditure III. Revenover Total Receipts less borrowue deficit ings D) Excess of Total Expenditure IV. Primary over Total Receipts less borrowdeficit ings and Interest Payments
- With reference to the Indian Public Finance consider the following statements: 1. External liabilities reported in Union Budget are based on historical exchange rates 2. The continued high borrowing has kept the real interest rates high in the economy 3. The upward trend in the ratio of Fiscal Deficit to GDP in recent years has an adverse effect to private investments. 4. Interest payments is the single largest component of the non-plan revenue expenditure of the Union Government. Which of these statements are correct?
- Interest payments is the single largest component of the non-plan revenue expenditure of the Union Government. Interest payments on the national debt have historically been, and often remain, the largest single component of the central government's revenue expenditure (previously termed non-plan revenue expenditure before classification changes).
- Fiscal Deficit of the Government of India is closest to
- Deficit financing is strongly inflationary when
- Structural Adjustment Programme in India required
- Budget deficit does NOT take into account