How is this sum done ?
Dear student
(a) revenue deficit = revenue expenditure - revenue receipt(tax revenue + non tax revenue)
= RS 3,700 - rs(1,200 + 2,000)
= rs 500 crores
(b) fiscal deficit =total expenditure (revenue expenditure + capital expenditure) - revenue receipt ( tax revenue + non tax revenue)- non debt capital receipt(recovery of loans and disinvestment)
= RS (3,700 +500) - RS(1,200 + 2,000) - RS (145 + 120)
= RS 4,200 - RS 3200 - RS 265
= RS 4200 - RS 3465
= RS 735 CRORES
Regards
(a) revenue deficit = revenue expenditure - revenue receipt(tax revenue + non tax revenue)
= RS 3,700 - rs(1,200 + 2,000)
= rs 500 crores
(b) fiscal deficit =total expenditure (revenue expenditure + capital expenditure) - revenue receipt ( tax revenue + non tax revenue)- non debt capital receipt(recovery of loans and disinvestment)
= RS (3,700 +500) - RS(1,200 + 2,000) - RS (145 + 120)
= RS 4,200 - RS 3200 - RS 265
= RS 4200 - RS 3465
= RS 735 CRORES
Regards