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Which of the following does not give Gross Fiscal Deficit ? |
Total expenditure - (Revenue Receipts + Non-Debt Creating Capital Receipts) Net borrowings at home + Borrowing from RBI + Borrowing from Abroad Revenue Deficit + Capital Expenditure- Non-Debt Creating Capital Receipts Total Expenditure - (Revenue Receipts + Capital Receipts) |
Total Expenditure - (Revenue Receipts + Capital Receipts) |
The correct answer is option (4) : Total Expenditure - (Revenue Receipts + Capital Receipts) Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts Gross fiscal deficit = Net borrowing at home + Borrowing from RBI + Borrowing from abroad Gross Fiscal Deficit = Revenue Deficit + Capital Expenditure - non-debt creating capital receipts |
