Difference between Current Account Deficit and Fiscal Deficit in India ppt PDF file

Current Account : It is the component of Balance of Payment. It deals in short term international Transactions like export and import.  

Fiscal Policy: It is a policy which effects the government expenditure and Revenue.

Difference between Current Account Deficit and Fiscal Deficit:

1) Current account deficit means imports are larger than exports, or negative net exports.

     Fiscal deficit means government expenditure is larger than Government revenues.

2) Current account deficit is in external balance ,foreign trade,foreign exchange etc.

     Fiscal deficit is purely internal deficit in internal budget.

Both the terms are used in India and they are two different types of Deficits as you can know from the differences.

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