Govt. hopes to cut fiscal deficit to 4.5% by FY26
In News: Govt. plots fiscal deficit reduction from 9.5% in FY21 to 4.5% by FY26. What is the Fiscal Deficit? Difference between total revenue (excluding money from borrowings) and total expenditure of the government is called the Fiscal Deficit. Deficit differs from the debt which is the accumulation of yearly deficits. Fiscal Deficit (FD) =Budget […]