{"id":115205,"date":"2021-06-28T19:18:22","date_gmt":"2021-06-28T13:48:22","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=115205"},"modified":"2021-06-28T19:18:22","modified_gmt":"2021-06-28T13:48:22","slug":"revenue-deficit","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/revenue-deficit\/","title":{"rendered":"Revenue Deficit"},"content":{"rendered":"<p><b><span data-contrast=\"auto\">Definition:<\/span><\/b><span data-contrast=\"auto\">\u00a0Revenue deficit arises when the government\u2019s revenue expenditure exceeds the total revenue receipts. Revenue deficit includes those transactions that have a direct impact on a government\u2019s current income and expenditure.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Calculation:<\/span><\/b><span data-contrast=\"auto\">\u00a0Revenue deficit can be calculated by subtracting total revenue expenditure from total revenue receipts. It is important to note that revenue receipts neither create liability nor lead to a reduction in assets.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Definition:\u00a0Revenue deficit arises when the government\u2019s revenue expenditure exceeds the total revenue receipts. Revenue deficit includes those transactions that have a direct impact on a government\u2019s current income and expenditure.\u00a0 Calculation:\u00a0Revenue deficit can be calculated by subtracting total revenue expenditure from total revenue receipts. It is important to note that revenue receipts neither create liability&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/revenue-deficit\/\">Continue reading <span class=\"screen-reader-text\">Revenue Deficit<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-115205","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/115205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=115205"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/115205\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=115205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}