Legal glossary
“fiscal deficit”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Fiscal Responsibility and Budget Management Act, 2003 · s. 2
(a) "fiscal deficit" means the excess of total disbursements, from the Consolidated Fund of India, excluding repayment of debt, over total receipts into the Fund (excluding the debt receipts), during a financial year; 3 4 [ [(aa) "Central Government debt" at any date means— - (i) the total outstanding liabilities of the Central Government on the security of the - Consolidated Fund of India, including external debt valued at current exchange rates; - (ii) the total outstanding liabilities in the public account of India; and
Read section 2