Fiscal Deficit - Difference between TOTAL REVENUE and TOTAL EXPENDITURE.Revenue Deficit-. The REVE

Fiscal Deficit - Difference between TOTAL REVENUE and TOTAL EXPENDITURE.Revenue Deficit-. The REVENUE falls short of the EXPENSES incurred to generate.Now talking interms of our country:Revenue Deficit is when government earns less than what it has expected in that fiscal year.Fiscal deficit is when government spends more money in that fiscal year than what it has generated.

 

A mismatch in the expected revenue and expenditure can result in revenue deficit. Revenue deficit arises when the government's actual net receipts is lower than the projected receipts. On the contrary, if the actual receipts are higher than expected one, it is termed as revenue surplus.

 

mismatch between gov revenue receipt ; revenue expenditure is revenue defiect

 

while fiscal defeciet =budget defecit+ market borrowing