Question. Why Indian budget is always made Budget of deficit? Answer. As we know that India is a welfare state. Here the government always wanted to increase the welfare of the peoples. The Indian government doesn’t have abundant money to launch welfare schemes and good infrastructure. When the government expenditure exceeds its revenue, a deficit is created in the economy through printing more currency and borrowing from other countries. As we know that India has a fiscal deficit of 3.9% in the financial year 2016 and it is expected that it will come down to 3% in the financial year 2019. So lack of revenue of the central government is the basic reason behind the formation of a deficit budget. - Study24x7
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Question. Why Indian budget is always made Budget of deficit? Answer. As we know that India is a welfare state. Here the government always wanted to increase the welfare of the peoples. The Indian government doesn’t have abundant money to launch welfare schemes and good infra...

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