SELECT * FROM question_mgmt as q WHERE id=5429 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=59 AND chapterId=606 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th macro-economics Government Budget and Economy lsquo the fiscal deficit gives the borrowing requ

Question:

‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.

Answer:

Fiscal deficit is the excess of total expenditure over total receipts. That is, when total government expenditure is greater that total government receipts, the government faces fiscal deficit.

Fiscal deficit is estimated as:

Total Expenditure (revenue + capital) - Total Receipts (excluding borrowings).

Fiscal deficit gives an indication to the government about the total borrowing requirements from all sources. Fiscal deficit can be financed through domestic borrowings and/or borrowings from abroad. Greater fiscal deficit implies greater borrowings by the government.


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