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Question : 79 of 100
Marks:
+1,
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Solution:
Fiscal Deficit means the
difference between total revenue and total expenditure of the government - The fiscal deficit is the shortfall in Government income with respect to Government Income.
- It is an indication of the total borrowing needed by the government.
- The difference is calculated both in absolute terms and also as a percentage of the Gross Domestic Product (GDP) of the country.
- The High Fiscal deficit means the Government has been spending beyond its means.
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