Which among the following is a correct definition of fiscal deficit?

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Which among the following is a correct definition of fiscal deficit?

1.The gap between projected or estimated GDP and actual GDP

2.The total value of currency notes issued and currency actual in circulation

3.The gap between actual borrowings of government of India and expected expenditures as per budget provisions

4.Excess of Govts disbursement comprising current and capital expenditures over its current receipts

Posted Date:-2021-11-10 11:46:18

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