Borrowings in government budget shows ____________ deficit. |
Primary Revenue Fiscal Secondary |
Fiscal |
The correct answer is option (3) : Fiscal Fiscal deficit: This is the most common term used to represent the gap between a government's total expenditures and its total revenue (excluding borrowings). When the government spends more than it collects in revenue, it needs to borrow money to finance the difference. This borrowing is reflected in the fiscal deficit. |