A) The excess of total expenditure including loans Bet of lending over revenue receipts
B) Difference between revenue receipts and revenue expenditure
C) Difference between all receipts and all the expenditure
D) Fiscal deficit less interest payments
Correct Answer: C
Solution :
[c] A status of financial health in which expenditures exceed revenue (income). The amount by which a government, company, or individual's spending exceeds its income over a particular period of time also called deficit or deficit spending, opposite of budget surplus
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