What is fiscal deficit
Fiscal deficit: When the total government expenses are more than total government receipts exclusive of borrowing it is termed as fiscal deficit. Fiscal deficit = Total Government Expenditure – Total Government Receipt (Not including borrowings)
Fiscal deficit: When the total government expenses are more than total government receipts exclusive of borrowing it is termed as fiscal deficit.
Fiscal deficit = Total Government Expenditure – Total Government Receipt (Not including borrowings)
Can somebody help me to solve this query.. The federal income tax, wherein the rate rises as income increases, is taken as: (w) a progressive tax. (x) a regressive tax. (y) skewed towards the poor. (z) unfair to th
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