Question

What do you mean by fiscal deficit? What was main cause of increasing fiscal deficit?

Solution

Fiscal deficit means difference between total expenditure of government and total receipts (excluding borrowings) of government. It is equal to total loan taken by government.

Main cause of increasing fiscal deficit was heavy increase in non-development expenditure.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

What is privatisation?

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Liberalisation, Privatisation And Globalisation : An Appraisal

What do you mean by fiscal deficit? What was main cause of increasing fiscal deficit?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

What is privatisation?

What is the meaning of globalisation?

Why did the New Economic Policy emphasize a shift towards private sector?

Why was the rate of growth of private sector industries slow before 1991?

What were the reasons behind incompetence of many Indian products and industries before 1991?

Before 1991 why did India face a serious balance of payment problem?

What was the main objective of delicensing?

Before 1991, MRTP Act inhibited the growth of industries. How?

State the steps taken by the government towards liberalisation under the New Economic Policy.

What is the meaning of disinvestment of Public Sector Units?

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