Types of Deficits: Fiscal, Revenue, Primary, Trade, Budgetary and Monetised Deficits | UPSC
Introduction: India has set a target to narrow its fiscal deficit to 5.1% in the fiscal year 2024/25, after lowering the current year’s deficit to 5.8% of gross domestic product (GDP). A deficit occurs when a government spends more than it receives in a given period, usually a year. To understand the types of deficits […]