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SSC MTS 2 Aug 2019 Shift 2 Paper
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Question : 79
Total: 100
Fiscal Deficit means ______.
Total revenue collected by the government
Difference between total revenue and total expenditure of the government
Total borrowing of the Government
Total expenditure of government
Validate
Solution:
Fiscal Deficit means the
difference between total revenue and total expenditure of the government
The fiscal deficit is the shortfall in Government income with respect to Government Income.
It is an indication of the total borrowing needed by the government.
The difference is calculated both in absolute terms and also as a percentage of the Gross Domestic Product (GDP) of the country.
The High Fiscal deficit means the Government has been spending beyond its means.
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