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Economy

Concept of Fiscal Deficit

Published on November 2, 2019January 2, 2020 by ignounotesforias

Fiscal Deficit is the difference between the total income of the government (total taxes and non-debt capital receipts) and its total expenditure. A fiscal deficit situation occurs when the government’s expenditure exceeds its income. This difference is calculated both in absolute terms and also as a percentage of the Gross Domestic Product (GDP) of the […]

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