Indian Economy
Fiscal deficit in the Union Budget means

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

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Indian Economy
The budget deficit means

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

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