Revenue deficit will be calculated through __________.

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.