Fiscal Deficit = Budget Deficit + Government Borrowings. Statement (ii) captures this relationship. Statement (i) defines the Budget Deficit. The question's premise for choosing B implies that both a core deficit calculation and the complete deficit calculation (including borrowings) are considered defining aspects.
Which of the following defines Fiscal deficit ? (i) Revenue Receipt + Capital Receipts - Total Expenditure. (ii) Budget deficit + Government's borrowings and liabilities (iii) Revenue Receipts - Capital Receipts + Total Expenditure (iv) Budget deficit - Government's market borrowings and liabilities Select the correct answer from the codes given below :
Asked in Protection Officer 2018 · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
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