You might have heard about ‘Aamdani athanni aur kharcha rupiya’. This phrase explains the whole story. It is the difference between, the money spend by the government and the money it has earned.
Ever year budget is being presented by our finance minister; suppose they planned to spend some money on common men of our country, by doing so they realized that their estimate is not enough for one 1 billion common men including our politicians, so they spend some more which is a kind of unplanned expenditure. This extra money or (udari) is nothing but Fiscal deficit of our country. Normally it is described as a percentage of GDP.
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