what is budget deficit?
Is any of the following is same as budget deficit :
i) Budgetary deficit
ii) Deficit budget
Budget Deficit refers to the excess of total budget expenditure over the total budget receipts. In other words, budget deficit implies to a situation where the total budget receipts of the government falls short of the total budget expenditure of the government.
All the three terms- Budget Deficit, Budgetary Deficit and Deficit Budget are same and can be used interchangeably.