Fiscal defcit
Introduction The fiscal deficit is a difference between the total expenditure and the total revenue it generates during a fiscal year. This Gap is then plugged by the government by borrowings. In other words, the Fiscal deficit is an indication of total borrowings needed by the government. The fiscal deficit is measured at three levels, Centre, State and gross. In India, at the central level, the GAP is on a declining trend but still it remains one of the core issues unresolved before the government. At the state level, it still possesses a risk to the economy as a whole. The trend of fiscal deficit is as follows; The tabular presentation is here as follows: 2011-12 2012-13 2013-14 2014-15 2015-16 Centre 5.9 4.9 4.5 4.0 3.9 State 1.8 2.9 2.2 2.8 2.7 Gross 7.8 6.9 6.6 6.9 6.9 Reason behind the declining trend The foremost reason behind the declining trend is the decrease in the government expenditure which is detrimenta