If in a budget the government’s revenue receipts and non-debt capital receipts are less than the government’s total expenditure, it is called –
A. fiscal deficit
B. revenue deficit
C. primary deficit
D. budget deficit
Answer:A
If in a budget the government’s revenue receipts and non-debt capital receipts are less than the government’s total expenditure, it is called –
A. fiscal deficit B. revenue deficit C. primary deficit D. budget deficit