Fiscal Deficit is an economic phenomenon, when a government's total expenditures exceed the revenue that it generates. It gives the signal to the government about the total borrowing requirements. Additional meaning of Fiscal Deficit: John Maynard Keynes believed that deficits help countries boost thei...
Fiscal Deficit Definition:Fiscal Deficitrefers to the financial situation wherein the government’stotal budget exceeds the total receipts excluding borrowingsmade during the fiscal year. Thus, it can be expressed as: Fiscal Deficit = Total Expenditure – Total Receipts Excluding Borrowings Through Fiscal...
From Longman Business Dictionaryfis‧cal/ˈfɪskəl/adjective[only before a noun]connectedwith government taxes, debts, and spendingThefiscal deficitwas estimated at $53,800,000 or 3.5% of gross national product.The current fiscal crisis is the result of overborrowing by the previous admin...
Related to Fiscal:fiscal cliff,Fiscal Deficit,Fiscal responsibility Relating to finance or financial matters, such as money, taxes, or public or private revenues. Afiscal agentis a bank engaged in the business of collecting and disbursing money. Such a bank also serves as a place for the dep...
The article discusses the essence of fiscal deficit. Though fiscal deficit is allowable as experienced normally by all countries, the author contends, however, that this should never exceed the government's expenditure on capital goods. Meanwhi...
Fiscal deficit is referred to as the difference between the total revenue earned and total expenditures incurred by a country in a fiscal year. Learn more here
A fiscal deficit is a situation in which the approved expenditures of a government are more than the amount of revenue that's...
In doing this the government explicitly recognised that a low inflation economy was essential in order to achieve another of its priorities – low UNEMPLOYMENT. To this end, fiscal ‘prudence’, specifically a current budget deficit (PSBR) within the European Union's MAASTRICHT TREATY limits of ...
inflation results in higher income and therefore individuals moving into higher tax brackets and paying more of their income in taxes.1This is particularly the case in economies withprogressive taxes, or tax brackets, which stipulate that the higher income an individual makes the higher the tax the...
A fiscal cliff describes a critical imbalance in the federal government's revenues compared to its obligations, creating the risk of a looming budget deficit. The risk of falling off the fiscal cliff has been reduced by new legislation that corrects for the shortfall or authorizes greater levels ...