InvestorQ : Is fiscal deficit the same as a country’s debt?
vani Patil made post

Is fiscal deficit the same as a country’s debt?

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Ayushi Kampani answered.
2 years ago
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No. Fiscal deficit is a situation wherein a government’s total expenditures exceed the revenue that it generates. Fiscal deficit excludes money from borrowings. However, fiscal deficit is not the same as a country’s debt. Debt is merely the accumulation of a country’s yearly deficits.
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