Pls answer if this method correct.
Dear Student,
Yes, the method and the answer both are correct.
The formula to calculate Fiscal Deficit = Total Expenditure- Total Receipts (Excluding Borrowings)
So, Since in the question it is clearly mentioned that Total receipts includes Borrowings, So, it has to be subtracted. Hence, The answer and method both are correct.
Regards
Yes, the method and the answer both are correct.
The formula to calculate Fiscal Deficit = Total Expenditure- Total Receipts (Excluding Borrowings)
So, Since in the question it is clearly mentioned that Total receipts includes Borrowings, So, it has to be subtracted. Hence, The answer and method both are correct.
Regards