Gross Fiscal Deficit is the difference between total expenditure and total receipts other than borrowing. It is a measure of the government's borrowing needs.
Which of the following expression shows the formula of Gross Fiscal Deficit ?
Asked in RPSC RAS Prelims 2023 · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
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Answer: D. Gross Fiscal Deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad
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