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in Government Budget and Economy by (56.2k points)

Can there be a Fiscal Deficit without a Revenue Deficit ?

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Obviously yes, because fiscal deficit is worked out by accounting for both the Revenue and Capital Receipts and expenditures of the government, so that, even when Revenue Receipts and revenue expenditure are in a state of balance, there could be an excess of Capital Expenditure over Capital Receipts, causing fiscal deficit.

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