What is the meaning of Fiscal Deficit ?

Options

A. The gap between projected or estimated GDP and Actual GDP
B. The gap between the total number and value of the currency notes issued by the RBI uptill now over the number and value of those which are in actual circulation
C. The gap between the actual borrowings of the Government of India and the expected expenditure for which provision is made in the budget
D. Excess of Government's disbursement comprising current and capital expenditures over its current receipts (Tax/Non-tax receipts)

Answer

D