Fiscal deficit in the Union Budget means

A. the difference between current expenditure and current revenue

B. net increase in Union Governments borrowings from the Reserve Bank of India

C. the sum of budgetary deficit and net increase in internal and external borrowings

D. the sum of monetized deficit and budgetary deficit

Answer: Option C

Solution(By Examveda Team)

Fiscal deficit in the Union Budget means the sum of budgetary deficit and net increase in internal and external borrowings.