NCERT | Economy PDF Notes for JKSSB, JKPSC, UPSC , KUET PG Exams - Click on Link Below To download
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If Govt expenditure is more than it collects then deficit occurs and its known as fiscal deficit and to finance the deficit it borrows money .
If it borrows the amount equals to fiscal deficit ,then the budget deficit becomes zero and if it borrows less than the fiscal deficit amount, then budget deficit occurs.
