Indian Economy
The budget deficit means

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

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Indian Economy
Fiscal deficit in the Union Budget means

the sum of monetized deficit and budgetary deficit
the difference between current expenditure and current revenue
the sum of budgetary deficit and net increase in internal and external borrowings
net increase in Union Governments borrowings from the Reserve Bank of India

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