DMPQ- In the current COVID-19 crisis , the government is facing the issue of breaching the comfortable limit of fiscal deficit. What are the consequences of high fiscal deficit?

Fiscal deficit refers to the excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year. Fiscal Deficit = Total Budget Expenditure – Total Receipts excluding borrowings = Revenue Expenditure + Capital Expenditure – Revenue receipts Read More …