what is difference between revenue deficit and fical
deficit ?
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Answer / purna chandra msb
Revenue deficit-When the net amount received (revenues less
expenditures) falls short of the projected net amount to be
received. This occurs when the actual amount of revenue
received and/or the actual amount of expenditures do not
correspond with predicted revenue and expenditure figures.
This is the opposite of a revenue surplus, which occurs
when the actual amount exceeds the projected amount.
Fiscal deficit-A situation in which liabilities exceed
assets, expenditures exceed income, imports exceed exports,
or losses exceed profits.
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / shilpa arora
Revenue deficit- Revenue deficit occurs when actual amount
of recieved or actual amount of expenditure do not match
with predict revenue & expenditure figures.
fiscal Deficit-It is a difference b/w govt total recipts
(excluding borrowings) & total expenditure. Fiscal deficit
occurs when govt total expenditure surpass the revenue
generated
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / rajiv
Revenue deficit means entity is not able to meet its daily
expenditure, because its current expenditure exceeded
current revenue While fiscal defict shows the inability of
an entity to meet its capital expenditure as a result of
excess of capital expediture overcapital receipt receipt
| Is This Answer Correct ? | 2 Yes | 1 No |
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