Total Expenditure of a government budget is Rs.75,000 crore and Total receipts is Rs. 45,000 crore . How much is the Budget Deficit ?
Budget deficit refers to the excess of total budget expenditure over the total budget receipts i.e,
Budget deficit = Total budget expenditure - Total budget receipts
Budget deficit = 75000 - 45000 = 30000 crore
Budget deficit = Total budget expenditure - Total budget receipts
Budget deficit = 75000 - 45000 = 30000 crore