Revenue deficits are defined as the excess of revenue receipts. Revenue Deficit = Revenue Expenditure-Revenue Receipts Revenue deficit is a reflection of the government’s fiscal policy. The implication of revenue deficit is that the government is borrowing to maintain even its consumption expenditure. It shows that the country’s financial system is getting destabilized.
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Kelash
Revenue deficits are defined as the excess of revenue receipts.
Revenue Deficit = Revenue Expenditure-Revenue Receipts Revenue deficit is a reflection of the government’s fiscal policy. The implication of revenue deficit is that the government is borrowing to maintain even its consumption expenditure. It shows that the country’s financial system is getting destabilized.