High fiscal deficit is cause for concern for any economy. What does it denote?

It reflects the decrease in tax collections for the year

It is a measure of the borrowing of an economy

It is total expenditure less total receipts excluding borrowings

It means the lack of liquidity and earnings for the economy.

High fiscal deficit is cause for concern for any economy. W

1.	High fiscal deficit is cause for concern for any economy. What does it denote?
A.	It is a measure of the borrowing of an economy
B.	It is total expenditure less total receipts excluding borrowings
C.	It reflects the decrease in tax collections for the year
D.	It means the lack of liquidity and earnings for the economy.
Answer» C. It reflects the decrease in tax collections for the year