What is Budgetary Deficit

Definition: Budgetary deficit is the difference between all receipts and expenses in both revenue and capital account of the government.

Description: Budgetary deficit is the sum of revenue account deficit and capital account deficit. If revenue expenses of the government exceed revenue receipts, it results in revenue account deficit. Similarly, if the capital disbursements of the government exceed capital receipts, it leads to capital account deficit. Budgetary deficit is usually expressed as a percentage of GDP.

Also See: Fiscal Deficit, Primary Deficit
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