Definitions for "Fiscal Deficit" Add To Word List
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deficit in the government budget of a country.
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It is the difference between the Revenue Receipts and Total Expenditure.
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It represents the total amount of borrowed funds required by the government to completely meet its expenditure. Thus, it is the gap between the government's total spending and the sum of its revenue receipts and non-debt capital receipts.
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Ratio of the government's deficit to GDP
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is the gap between the government's total spending and the sum of its revenue receipts and non-debt capital receipts. It represents the total amount of borrowed funds required by the government to completely meet its expenditure.
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When the government spends more money than it receives in revenue over the course of one year.
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