Twin Deficit Problem
In its recently released monthly economic report, the finance ministry expressed concern about the re-emergence of the twin deficit problem in the economy due to higher commodity prices and rising subsidy burden.
About Twin Deficit
- Twin deficit refer to an increased fiscal and current account deficit.
- A fiscal deficit is a budget shortfall. The fiscal deficit is essentially the amount of money that the government has to borrow in any year to fill the gap between its expenditures and revenues.
- A current account deficit means a country is sending more money overseas for goods and services than it is receiving.
- The current account ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Spices Board Unveils SPICED Scheme
- 2 10 Years of Make in India
- 3 Centre Notifies Galathea Bay as a Major Port
- 4 Differential Benefits of Electricity in Rural Areas
- 5 PM E-DRIVE Scheme: Accelerating India's Shift to Electric Mobility
- 6 Finance Minister Reviews Performance of RRBs of NE Region
- 7 Vertical Fiscal Imbalance
- 8 Review of the NBFC Sector
- 9 Centenary Celebration of ICAR- NISA
- 10 Centre Launches White Revolution 2.0
