2006-07-11 01:29:09 · 20 answers · asked by kc_cool 2 in Education & Reference ➔ Other - Education
and please make it simple
2006-07-11 01:32:37 · update #1
is the gap between the government's total spending and the sum of its revenue receipts and non-debt capital receipts. It represents the total amount of borrowed funds required by the government to completely meet its expenditure.
2006-07-13 01:41:16 · answer #1 · answered by Anonymous · 0⤊ 1⤋
What exactly is the Fiscal Deficit?
The fiscal deficit is the difference between the government's total expenditure and its total receipts (excluding borrowing). The elements of the fiscal deficit are (a) the revenue deficit, which is the difference between the government’s current (or revenue) expenditure and total current receipts (that is, excluding borrowing) and (b) capital expenditure. The fiscal deficit can be financed by borrowing from the Reserve Bank of India (which is also called deficit financing or money creation) and market borrowing (from the money market, that is mainly from banks).
2006-07-12 09:27:49 · answer #2 · answered by Mark S 3 · 0⤊ 0⤋
The fiscal deficit is the difference between the government's total expenditure and its total receipts (excluding borrowing). The elements of the fiscal deficit are (a) the revenue deficit, which is the difference between the government’s current (or revenue) expenditure and total current receipts (that is, excluding borrowing) and (b) capital expenditure. The fiscal deficit can be financed by borrowing from the Reserve Bank (which is also called deficit financing or money creation) and market borrowing (from the money market, that is mainly from banks).
2006-07-12 01:04:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Fiscal deficit is the budget deficit of federal or local government Fiscal policy is the discretionary spending of governments
2006-07-13 10:58:26 · answer #4 · answered by maidenrocks 3 · 0⤊ 0⤋
This is simply the debt created in one fiscal year. (Where the fiscal year is defined as operational accounting 12 month period).
This can be for a Government, local authority, Company/LLC, PLC/INC, or even an individual (but in the case of an individual the fiscal year would be the central government tax year.
2006-07-12 21:21:07 · answer #5 · answered by awk132 1 · 0⤊ 0⤋
It denotes anticipated Annual Budgetary deficiency in prospective revenue as compared to the anticipated expenditure during the forthcoming financial year for which tbe budget is presented in the Pariament, or House of Commons, or the senate by which it is named.
2006-07-12 00:15:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
This is the difference between two large and arbitary numbers. In theory, this is difference between income and expenditure. Spend more than you get and you have a deficit.
Governments, however, can print their own money and the value of money is arbitary (the gold standard was abandoned decades ago).
2006-07-13 04:45:12 · answer #7 · answered by Nothing to say? 3 · 0⤊ 0⤋
It is when they take in less money in taxes than they have to spend on schools, hospitals, roads etc.
Then they have to take a loan to make up the difference and as usual, the people will have to pay that loan back for them with interest by paying even more TAXES.
2006-07-13 22:45:39 · answer #8 · answered by stickyricky 3 · 1⤊ 0⤋
A Scotsman in debt
2006-07-12 03:00:29 · answer #9 · answered by billy h 1 · 0⤊ 0⤋
A trifle low in the quid department, mate.
2006-07-13 10:53:47 · answer #10 · answered by vanamont7 7 · 0⤊ 0⤋