Indian Economy
The budget deficit means

the excess of total expenditure, including loans, net of lending over revenue receipts
fiscal deficit less interest payments
difference between all receipts and all the expenditure
difference between revenue receipts and revenue expenditure

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Indian Economy
Deficit financing leads to inflation in general, but it can be checked if

government expenditure leads to increase in the aggregate supply in ratio of aggregate demand
only aggregate demand is increased
All of the listed here
all the expenditure is denoted national debt payment only

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