What is revenue deficit? What are its implications?

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Studies Simran Sharma 2 weeks 1 Answer 17 views Silver 0

Answer ( 1 )

  1. A revenue dificit occurs when the net income generated, revenues less expenditures, falls short of the projected net income. This happens when the actual amount of revenue received and the actual amount of expenditures do not correspond with budgeted revenue and expenditure figures.

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