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