In a government budget, revenue receipts= Rs. 14,200, revenue expenditure = Rs. 5,700,
and capital receipts net of borrowing= Rs. 5,000, capital expenditure = Rs. 18,300, and interest payments =Rs. 3,350, fiscal deficit will be --------------
please help immediately
Solution:
Fiscal deficit = Revenue expenditure + Capital expenditure - Revenue receipts - Capital receipts (net of borrowings)
= 5,700 + 18,300 - 14,200 - 5,000
= Rs. 4,800
Fiscal deficit = Revenue expenditure + Capital expenditure - Revenue receipts - Capital receipts (net of borrowings)
= 5,700 + 18,300 - 14,200 - 5,000
= Rs. 4,800