Which of the following are to be considered while Measuring Fiscal Deficit ?

A. Capital expenditure

B. Revenue receipts

C. Debt creating receipts

D. Revenue expenditure

E. Deficit on current A/c

Choose the correct answer from the options given below :

A, B and D only

The correct answer is option (2) : A, B and D only

Gross fiscal deficit = Total expenditure (Revenue + Capital) – (Revenue receipts + Non-debt creating capital receipts)

Fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding borrowing