Budget deficit is the amount by which
...Budget deficit is the amount by which
Total expenditure exceeds revenue
Recurrent expenditure exceeds revenue
Capital expenditure exceeds revenue
Recurrent expenditure exceeds capital expenditure
Correct answer is A
Budget deficit is the amount by which a government's expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.
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