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Budget deficit is the amount by which

...

Budget deficit is the amount by which

A.

Total expenditure exceeds revenue

B.

Recurrent expenditure exceeds revenue

C.

Capital expenditure exceeds revenue

D.

Recurrent expenditure exceeds capital expenditure

Correct answer is A

Budget deficit is the amount by which a government's expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.