FinLexicon Term Details

Budget Deficit

Pronunciation: buh-jit deh-fuh-sit

A Budget Deficit occurs when a government’s total spending exceeds its total revenue during a given period.

Category: Public Finance & Government Finance Difficulty: Moderate 3 min read Premium Term

Preview

A Budget Deficit occurs when a government’s total spending exceeds its total revenue during a given period.

Premium FinLexicon

Unlock full financial learning

Login is required to access this premium content.

Subscribe Login Complete Profile

Related Terms

Taxation

Agricultural Income

Agricultural Income is income earned from certain agricultural activities or agricultural land, and in India it is generally exempt from central income tax, subject to specific conditions.

View Term
International Finance

American Depositary Receipt (ADR)

a

View Term
Taxation

Annual Information Statement (AIS)

Annual Information Statement (AIS) is a detailed tax-information statement that shows financial transactions and income-related information reported to the Income Tax Department of India for a taxpayer.

View Term
International Finance

Appreciation (of Currency)

Appreciation of Currency is an increase in the value of one currency relative to another in the foreign exchange market.

View Term
Taxation

Belated Return

A Belated Return is an Income Tax Return filed after the original due date but within the later time limit allowed under tax law.

View Term