Mirror Now
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Budget Dictionary 2021 | What is fiscal deficit? | Explained
Posted
January 27, 2021
Views
69
Likes
4
Engagement
5.80%
January 27, 2021
69
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5.80%
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2:35Now PlayingAs the Budget 2021 is only days away, many questions arise regarding the complicated terms used in the budget and Mirror Now tries to make it easy for its viewers with the Budget Dictionary. Here is a detailed explanation of what exactly is a fiscal deficit- which is primarily defined as the difference between the total revenue and total expenditure of the government. It is an indication of the total borrowings needed by the government calculated both in absolute terms and as a percentage of the country's gross domestic product (GDP). Watch the full video to know more and prepare yourself for the upcoming Budget 2021!
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