what is difference between revenue deficit and fical
deficit ?
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Answer Posted / 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
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