Question
Download Solution PDFEffective Revenue Deficit means
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Revenue Deficit excluding Grants in aid for the creation of assets to states.
- The calculation of the effective revenue deficit was introduced Union Budget in the year 2010-11
- Every year the Central Government gives grants to State Governments and Union Territories with the legislature.
- With these grants, the State government and Union Territories also creates capital assets but these things are not added in the capital expenditure of the Central Government.
- To capture this expenditure the new formula of Effective Revenue Deficit was evolved.
- Effective Revenue Dificit= Revenue Deficit - Grants in aid for the creation of capital assets.
Additional Information
- Budget Deficit= Total Expenditure -Total Receipts
- Revenue Deficit= Revenue Expenditure and Revenue Receipts
- Fiscal Deficit= Total Expenditure-Total Receipts except borrowing and other liabilities.
Last updated on Nov 19, 2024
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