what is difference between revenue deficit and fical
deficit ?
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.
| Is This Answer Correct ? | 17 Yes | 2 No |
Post New Answer View All Answers
What kind of object analysis is used to compare trading activities?
What is the number of Districts in your nearby states?
What is fertility rate?
What Is Stock Market Management System?
What are term loans? What are the features of term loans?
Can Filing Bankruptcy Stop Bill Collectors From Calling?
Define Call Money Rate?
What are the recent changes that have taken place in the banking sector?
what is lognormal distribution in the context to insurance?
Differentiate between Balance of Trade and Balance of Payment?
What is a demand draft and overdraft?
What do you know about equity market?
Tell about Plastic Currency?
What is SHG?
What precautions should be taken before using ratio analysis as a technique for interpretation of financial statements?