Question:
According to the data presented in the Union Budget 2023 – 24, the total receipts of the government (other than borrowings), and the total expenditure are estimated as ₹ 20 lakh crore and ₹ 45 lakh crore respectively. Therefore, the value of ........... deficit would be ₹ 25 lakh crore. (Choose the correct option to fill in the blank)
According to the data presented in the Union Budget 2023 – 24, the total receipts of the government (other than borrowings), and the total expenditure are estimated as ₹ 20 lakh crore and ₹ 45 lakh crore respectively. Therefore, the value of ........... deficit would be ₹ 25 lakh crore. (Choose the correct option to fill in the blank)
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The fiscal deficit indicates the borrowing requirements of the government and is a crucial indicator of a country’s economic health.
Updated On: Jun 30, 2025
- Revenue
- Fiscal
- Trade
- Primary
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The Correct Option is B
Solution and Explanation
Fiscal deficit is calculated as the difference between the total expenditure and total receipts (excluding borrowings). Here, the fiscal deficit is ₹ 45 lakh crore (expenditure) minus ₹ 20 lakh crore (receipts), which equals ₹ 25 lakh crore.
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