Budget Basics: What is the budget gap? How does the government fill it?

Interim Budget 2024: The fiscal deficit, also known as the budget gap, is the result of government spending exceeding its earnings. This leads to government debt, which has implications for interest rates and bond yields. Excessive market borrowing by the government can crowd out private players. High fiscal deficits can lower sovereign credit ratings and pose an existential crisis for the economy.
Read The Rest at :