Budget Anatomy — Receipts, Expenditure & the Three Deficits UPSC GS-III Economy · Public Finance (Art 112)

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Tax receipts
Revenue exp
Capital exp

Legend

Revenue receipts
Non-debt capital receipts
Borrowings = fiscal deficit
Revenue expenditure
Interest payments
Capital expenditure

Drag the sliders — watch the red borrowing block & all three deficits recompute live
Source: Union Budget documents, FRBM Act 2003 & NCERT Macroeconomics · Interactive 3D learning model
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