Define Fiscal Deficit.
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Define Fiscal Deficit.

Define Fiscal Deficit.
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Define the Fiscal Deficit. Or, What is Fiscal Deficit?

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Fiscal Deficit is equal to the excess of total expenditure over the sum of revenue receipts and capital receipts excluding borrowing.

Fiscal Deficit = (Revenue Expenditure + Capital Expenditure) - (Revenue Receipts + Capital Receipts Other Than Borrowing)

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