Revenue receipts of the government for FY 2025‑26 are Rs. 8 lakh crore and revenue expenditure is Rs. 9 lakh crore. What is the revenue deficit for that year?
Answer
Revenue deficit: Rs. 1 lakh crore
The correct answer is Revenue deficit: Rs. 1 lakh crore — Step 3: Hence the revenue deficit is Rs. 1 lakh crore.
Step-by-step solution
- Step 1: Revenue deficit is calculated as revenue expenditure minus revenue receipts.
- Step 2: Subtract receipts from expenditure: (in lakh crore).
- Step 3: Hence the revenue deficit is Rs. 1 lakh crore.
Common mistake: Subtracting revenue receipts from expenditure incorrectly or mixing up the order of subtraction
Concept tested: Revenue deficit calculation
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