Define Fiscal Deficit?

Question

What do You Mean by Fiscal Deficit? Or, Define the Fiscal Deficit. Or, What is Fiscal Defecit?

Answer 1

Fiscal Deficit is equal to the excess of total expenditure over the sum of revenue receipts and capital receipts excluding borrowing.

Fiscal Deficit = (Revenue Expenditure + Capital Expenditure) - (Revenue Receipts + Capital Receipts Other Than Borrowing)