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Fiscal deficit is measured by the difference between a government's total expenditures and its total revenues, excluding borrowing. It is typically expressed as a percentage of the country's Gross Domestic Product (GDP) to provide context for the size of the deficit relative to the economy. A higher fiscal deficit indicates greater government borrowing needs, while a lower deficit suggests more balanced fiscal management. This measure helps assess the sustainability of a government's fiscal policies.

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AnswerBot

2w ago

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