Which among the following indicates the total borrowing requirements of Government from all sources?

Answer: [B] Fiscal Deficit

  • Revenue deficit refers to the excess of revenue expenditure over revenue receipts.
  • Effective revenue deficit is the difference between revenue deficit and grants for creation of capital assets.
  • Fiscal deficit is the difference between the revenue receipts plus non-debt capital receipts and the total expenditure including loans, net of repayments. This indicates the total borrowing requirements of Government from all sources.
  • Primary deficit is measured by fiscal deficit less interest payments.

This question is a part of GKToday's Integrated IAS General Studies Module