In this video i have tried to explain you the meaning of fiscal deficit in hindi & with a very easy examples. It helps you to understand about India Budgetary system and economy as well. Fiscal Deficit is a very important indicator of economy. By following the last 10 years fiscal deficit numbers any one can have a idea of country economy. The gross fiscal deficit (GFD) is the excess of total expenditure including loans net of recovery over revenue receipts (including external grants) and non-debt capital receipts. The net fiscal deficit is the gross fiscal deficit less net lending of the Central government.
Generally fiscal deficit takes place either due to revenue deficit or a major hike in capital expenditure. Capital expenditure is incurred to create long-term assets such as factories, buildings and other development.
A deficit is usually financed through borrowing from either the central bank of the country or raising money from capital markets by issuing different instruments like treasury bills and bonds.
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