what are the implications of revenue deficit
Revenue deficit is the excess of revenue expenditure over revenue receipts
1)A cut in expenditure.
2) Borrowing .
3) Selling your assets(house etc).
1)The government is compelled to cut its revenue expenditure even when it causes a loss to social welfare.
2)The government is compelled to borrow ,even to quech its consumption need.
3)The government is compellled to undertake disinvestment- selling its ownership of public enterprises.