Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: September 30, 20212021-09-30T21:26:15+05:30 2021-09-30T21:26:15+05:30In: Economics What is Fiscal Deficit? What is Fiscal Deficit? economic graphs in indication Share Facebook 1 Answer Recent Rahul 0 Questions 518 Answers 176 Best Answers 2k Points View Profile Rahul BRIGHT 2021-09-30T21:28:46+05:30Added an answer on September 30, 2021 at 9:28 pm Fiscal Deficit Fiscal defi cit isthe condition when the expenditure of the government exceeds its revenue in a year, is the difference between the two. Fiscal defi cit is calculated both in absolute terms and as a percentage of the country’s gross domestic product (GDP). The Centre’s fi scal defi cit touched Rs 14.1 trillion in the fi rst 11 months of FY21 — 76 per cent of the 2020-21 revised estimates of Rs 18.5 trillion and 36 per cent higher than last year’s corresponding level of Rs 10.4 trillion. The government expected to earn revenues of Rs 1.85 trillion in March 2021, 40 per cent lower than what it earned in the year-ago period. The government has set a fi scal defi cit target of Rs 15.1 lakh crore in the current fi scal, which is 6.8% of GDP. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is PHILLIPS CURVE?