Revenue deficit will be calculated through __________. |
Total Expenditure - Revenue Receipts Fiscal Deficit - Interest Payments Fiscal Deficit - Revenue Receipts Revenue Expenditure - Revenue Receipts |
Revenue Expenditure - Revenue Receipts |
The correct answer is option (4) : Revenue Expenditure - Revenue Receipts Revenue Expenditure: This includes all expenses incurred for the normal functioning of government departments and for providing various services. It does not create any assets for the government. Revenue Receipts: These are the income receipts of the government from taxes and other sources that do not lead to any liability or create assets.
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