Indian Economy
The budget deficit means

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

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Indian Economy
Fiscal deficit in the Union Budget means

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
the sum of monetized deficit and budgetary deficit

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