Exams › SSC CGL (Prelims) › General

Fiscal deficit is calculated as:

1. Total expenditure – Total receipts (excluding borrowings)
2. Revenue receipts – Revenue expenditure
3. Capital receipts – Capital expenditure
4. Direct taxes – Indirect taxes

Correct answer: Total expenditure – Total receipts (excluding borrowings)

Solution

Fiscal deficit is the excess of total expenditure over total receipts excluding borrowings. It indicates the borrowing requirement of the government.

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