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Fiscal deficit UPSC NOTE

 Fiscal deficit

  • Fiscal deficit refers to the shortfall in a government’s revenue when compared to its expenditure.

  • Fiscal Deficit= Total Expenditure- Total Receipts (excluding borrowings)

  • When a government’s expenditure exceeds its revenues, the government will have to borrow money or sell assets to fund the deficit.

  • The Central government’s fiscal deficit during 2023-24 at 5.6% of the GDP was better than the previous estimates of 5.8% on account of higher revenue realisation and lower expenditure

  • In actual terms, the fiscal deficit was ₹16.53 lakh crore 

  • According to the data released by the Controller General of Accounts (CGA), the government’s revenue collection was 101.2% of the revised estimates (RE) presented in the Budget.

  • Net tax collection was ₹23.26 lakh crore in FY24

  • The expenditure stood at ₹44.42 lakh crore.

  • The expenditure during the last fiscal was 98.9% of the revised estimates



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Fiscal deficit UPSC NOTE
Fiscal deficit UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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