Fiscal deficit implies

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Fiscal deficit implies

1. Total expenditure -- (Revenue receipts + recovery of loans + receipts from disinvestment )
2. Total expenditure -- Total receipts
3. Total expenditure -- (Revenue receipts + receipts from disinvestment)
4. Total expenditure -- Disinvestment receipts

Correct Option: A

Fiscal Deficit: When a government's total expenditure exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of year deficits.