Glossary Terms

06

Dec'17

Budget Deficit

  Budget deficit is the excess of all expenditure over all types of receipts including borrowing. Otherwise it is total …

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06

Dec'17

Effective revenue deficit

  Effective Revenue Deficit is the difference between revenue deficit and grants for creation of capital assets. The concept of …

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06

Dec'17

Monetised Fiscal Deficit

  Monetised Fiscal Deficit is that part of the fiscal deficit financed out of borrowing from the RBI. It indicates …

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06

Dec'17

Primary deficit:

  Primary Deficit is Fiscal deficit net of interest payments. It is the non-interest deficit and reflects the current Fiscal …

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06

Dec'17

Revenue deficit

Revenue Deficit is the excess of revenue expenditure over revenue receipts. It shows the deficit of the government on the …

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06

Dec'17

Fiscal deficit (FD)

Fiscal deficit is excess of government’s expenditure over receipts except borrowing. It represents the total borrowing requirements of the government. …

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06

Dec'17

Non-tax revenue

  Non-tax revenues are the revenue receipts other than the tax revenues included under the revenue budget of the government. …

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06

Dec'17

Revenue receipts

  Revenue receipts are those receipts of the government from the normal government functions. Tax revenues and non-tax revenues are …

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06

Dec'17

Revenue Expenditure

  Revenue expenditure are that expenditure in the revenue budget of the government that is incurred for the day to …

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06

Dec'17

Scheme Expenditure and Non-Scheme Expenditure

  With the budget 2017-18, the classification of Plan and Non-Plan expenditure has been phased out. In that place, the …

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