As we all know, Government of India pays special emphasis on the management of Fiscal Deficit. What is Fiscal Deficit?

• 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)