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While presenting the annual budgets of any country their Finance Ministers used to point out the fiscal deficit and revenue deficit. what is their main difference

2007-10-30 07:58:02 · 2 answers · asked by Devendran 1 in Business & Finance Taxes Other - Taxes

2 answers

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2007-10-30 08:01:12 · answer #1 · answered by Anonymous · 0 0

This is typical political and bureaucratic double-speak. Fiscal means financial. A fiscal deficit is the same exact thing as a revenue deficit. If revenues are not high enough to pay all costs, you have a deficit. Simple as.

2007-10-30 20:53:46 · answer #2 · answered by Bostonian In MO 7 · 0 0

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