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A.
total expenditure exceeds revenue
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B.
recurrent expenditure exceeds revenue
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C.
capital expenditure exceeds revenue
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D.
recurrent expenditure exceeds capital expenditure
Correct Answer: Option A
Explanation
Budget deficit is the amount by which a government's expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.
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