Fiscal Deficit is defined as the excess of total expenditure over total receipts excluding borrowings. It indicates the total borrowing requirements of the government from all sources to finance its expenditure beyond its receipts.
CUET UG 2023 — Economics Macro
One kind of deficit in the annual Budget will have to be financed through borrowings. It indicates the total borrowing requirements of the government from all sources it is known as :
Verified 13 Jul 2026.
Money deficit
Fiscal deficit
Macro deficit
Micro deficit
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