Question
Download Solution PDFWhat is revenue deficit?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is, 'It is excess of the government's revenue expenditure over revenue receipts'.Key Points
- Revenue means income or earnings, and deficit means shortage.
- A revenue deficit is a condition when expenditure is more than earnings.
- In some business terms, it means the difference between projected (assumed) income and realized (actual earned) income.
- So, a revenue deficit is the excess of the government's revenue expenditure over revenue receipts.
Additional Information
- Excess of the government's total expenditure over total receipts is called a fiscal deficit.
- Capital expenditures are one-time long-term expenses.
- Examples - Machinery, Vehicles, Land, etc.
- Revenue expenditures are short-term and day-to-day expenses.
- Examples - Rent, Bills, etc.
- Excess of the government's capital expenditure over capital receipts is a capital deficit.
Last updated on Jul 1, 2025
-> SSC JE notification 2025 for Civil Engineering has been released on June 30.
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-> SSC JE Civil Engineering written exam (CBT-1) will be conducted on 21st to 31st October.
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