Budget deficit is the amount by which?
-
A.
total expenditure exceeds revenue -
B.
recurrent expenditure exceeds revenue -
C.
capital expenditure exceeds revenue -
D.
recurrent expenditure exceeds capital expenditure
Correct Answer: Option A
Explanation
Budget deficit is the amount by which a government’s expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.