Fiscal deficit =

total expenditure − total receipts including borrowingCorrect answerYour answerrevenue expenditure − revenue receiptsCorrect answerYour answertotal expenditure − (revenue receipts + non-debt capital receipts)Correct answerYour answerinterest payments − revenue receiptsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

The fiscal deficit is the gap that must be filled by borrowing.

Worth noting

Including borrowing in receipts would make the gap zero every time, since borrowing is what fills it.

Concept: Fiscal deficit
Typical timeTypical: 40 s
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The rule this testsFiscal deficit

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Fiscal deficit =

Explanation