{"id":692,"date":"2026-05-19T15:39:17","date_gmt":"2026-05-19T10:09:17","guid":{"rendered":"https:\/\/prodigypro.co.in\/blog\/?p=692"},"modified":"2026-05-19T15:39:19","modified_gmt":"2026-05-19T10:09:19","slug":"fiscal-deficit-explained","status":"publish","type":"post","link":"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/","title":{"rendered":"Fiscal Deficit Explained: End To End Guidance with Examples"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/05\/Fiscal-Deficit-Explained-1024x576.webp\" alt=\"Fiscal Deficit Explained\" class=\"wp-image-693\" srcset=\"https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/05\/Fiscal-Deficit-Explained-1024x576.webp 1024w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/05\/Fiscal-Deficit-Explained-300x169.webp 300w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/05\/Fiscal-Deficit-Explained-768x432.webp 768w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/05\/Fiscal-Deficit-Explained-1536x864.webp 1536w, https:\/\/prodigypro.co.in\/blog\/wp-content\/uploads\/2026\/05\/Fiscal-Deficit-Explained-2048x1152.webp 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Fiscal_Deficit\" >Fiscal Deficit<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Formula_of_Fiscal_Deficit\" >Formula of Fiscal Deficit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Top_3_Causes_of_Fiscal_Deficit\" >Top 3 Causes of Fiscal Deficit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#What_Are_The_3_Impacts_Of_Fiscal_Deficit_On_The_Indian_Economy\" >What Are The 3 Impacts Of Fiscal Deficit On The Indian Economy?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Advantages_of_Fiscal_Deficits\" >Advantages of Fiscal Deficits<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Key_Takeaways_of_Fiscal_Deficit\" >Key Takeaways of Fiscal Deficit&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Wrapping_Up\" >Wrapping Up<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#What_are_the_problems_the_fiscal_deficit_can_cause\" >What are the problems the fiscal deficit can cause?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#What_are_the_two_sources_to_finance_the_fiscal_deficit\" >What are the two sources to finance the fiscal deficit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#How_to_reduce_the_fiscal_deficit\" >How to reduce the fiscal deficit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#What_percentage_is_the_target_of_Indias_fiscal_deficit\" >What percentage is the target of India&#8217;s fiscal deficit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/prodigypro.co.in\/blog\/fiscal-deficit-explained\/#Can_FDI_reduce_the_fiscal_deficit\" >Can FDI reduce the fiscal deficit?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fiscal_Deficit\"><\/span>Fiscal Deficit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To brief you in the most simple terms, the fiscal deficit basically indicates how much a government needs to borrow in terms of meeting the expenses when its income from taxes and other sources falls short.<\/p>\n\n\n\n<p>FDs are one of the most important parts because they show a country&#8217;s financial health. This deficit occurs when the total expenditure exceeds the income of a government, excluding borrowing.<\/p>\n\n\n\n<p>In this blog, we will discuss everything you should know about the FD, starting from its formula, causes, impact, advantages, and key takeaways. So without any further ado, let\u2019s check it out.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Formula_of_Fiscal_Deficit\"><\/span><strong>Formula of Fiscal Deficit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Using simple math, you can easily calculate the fiscal deficit. Not only that, to identify total expenditure and total receipts, there are different formulas available. Here there is,<\/p>\n\n\n\n<p><strong>Fiscal Deficit <\/strong>= Total expenditure &#8211; Total Revenue (excluding the borrowings).&nbsp;<\/p>\n\n\n\n<p>Aside from this, if you want to calculate total expenditure, then the rule is,<\/p>\n\n\n\n<p><strong>Total Expenditure <\/strong>= Revenue Expenditure + Capital Expenditure&nbsp;<\/p>\n\n\n\n<p>To calculate total receipts, the formula should be,&nbsp;<\/p>\n\n\n\n<p><strong>Total Receipts <\/strong>= Revenue Receipts + Capital Receipts (excluding borrowings).&nbsp;<\/p>\n\n\n\n<p>Please note that if the deficit is high, then it generally comes from investment in any government projects, like infrastructure development, for example, roads, highways, airports, and others.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_3_Causes_of_Fiscal_Deficit\"><\/span><strong>Top 3 Causes of Fiscal Deficit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All policies of the government play a very significant role in the fiscal deficit and its implication for the stock market.&nbsp;<\/p>\n\n\n\n<p>Here, we will share three main causes of FD.\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Government tax policies determine the revenue stream available to finance public spending. When the policies result in tax cuts, it may lead to a reduction in government revenue. If the tax rate increases, it can generate additional revenue and help in mitigating FDs.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When government policies respond to economic conditions, it can also contribute to FDs. During recessions, the government can implement expansionary fiscal policy, for example, increased government spending, tax cuts, and others in terms of stimulating the economic activity of the country. This kind of expansionary policy might reshape the economy, but if it&#8217;s managed unconsciously, it may lead to larger financial deficits.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>One of the basic causes of the FD is government policies and public expenditure. The fiscal deficit rate will be higher if the government increases its spending on public services, like infrastructure development, defense, social welfare programs, and others. This kind of policy helps people understand the government&#8217;s priorities and efforts for societal needs.\u00a0<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_The_3_Impacts_Of_Fiscal_Deficit_On_The_Indian_Economy\"><\/span><strong>What Are The 3 Impacts Of Fiscal Deficit On The Indian Economy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If the FD occurs, then there will be three major impacts on the economy. Here they are,<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Inflation<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Due to FD, inflation levels can vary within an economy. The money supply can be increased if there is a financial deficit by printing money or excessive borrowing from the central bank. This is why inflationary pressure can occur and impact the overall economy along with business investments and customer spending.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Fiscal Crowding Out<\/strong><\/li>\n<\/ol>\n\n\n\n<p>If there is a large FD, it will affect private investment due to crowding out. To cover the deficits when governments borrow heavily, they compete with the private sector for funds. This increased rate for government borrowing can increase the interest rate and provide limited access for private businesses to get credit.<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Interest Rates &amp; Borrowing Costs<\/strong><\/li>\n<\/ol>\n\n\n\n<p>For an economy, the FD affects the interest rates and borrowing costs. If the interest rates are higher, it can impact the businesses\u2019 borrowing cost, and due to this, their investments become limited, which affects economic growth.\u00a0<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Also, Check &#8211; <a href=\"https:\/\/prodigypro.co.in\/blog\/can-mutual-funds-beat-inflation\/\">Can Mutual Funds Beat Inflation?<\/a><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages_of_Fiscal_Deficits\"><\/span><strong>Advantages of Fiscal Deficits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>We\u2019ve seen people tend to demonstrate fiscal deficit negatively, but if it is managed effectively, it can serve several potential advantages. Here are some positive facts you must know:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>When the government spends on infrastructure, it encourages the participation of the private sector as well, especially for sectors like transport, energy, real estate, and others.<\/li>\n\n\n\n<li>A FD can boost economic growth rapidly by funding development projects and infrastructure.\u00a0<\/li>\n\n\n\n<li>In terms of boosting aggregate demand, the FD also plays a very significant role.\u00a0<\/li>\n\n\n\n<li>Another impressive part of the fiscal deficit is that it supports the government in funding the critical welfare programs that reduce inequality and poverty in society.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_of_Fiscal_Deficit\"><\/span><strong>Key Takeaways of Fiscal Deficit&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Unless you know the key takeaways of the FD, you\u2019ll be missing out on a major factor. So here they are,<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Spending capital on the construction of infrastructure, green energy, and railways has become a major priority of the government due to the FD.<\/li>\n\n\n\n<li>To shift the focus of people from the local market, the government has explored items like sovereign green bonds (debt securities issued by national governments) to raise the sources for climate-friendly schemes. This bond helps in reducing FD because it attracts the investors and minimizes the borrowing cost for green projects.\u00a0<\/li>\n\n\n\n<li>According to the last data, the approximate percentage of the FD budget was 39.3% in the first half of the financial year 2023-24.<\/li>\n<\/ol>\n\n\n\n<p>\u00a0\u00a0\u00a0\u00a0<strong>Source &#8211; <a href=\"https:\/\/www.thehindu.com\/business\/Economy\/govts-fiscal-deficit-rises-to-393-of-annual-target-in-first-half-of-fy24\/article67480542.ece\" target=\"_blank\" rel=\"noopener\">The Hindu Newspaper<\/a><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Wrapping_Up\"><\/span><strong>Wrapping Up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>We hope you have understood the root cause of the FD. The implications of government policies, taxation measures, and responding to economic conditions can widely affect the stock market as well. So the investors need to be aware and monitor the government policies closely to make informed investment decisions.<\/p>\n\n\n\n<p>Please share your thoughts on this post by leaving a reply in the comments section. Contact us via phone,<a href=\"http:\/\/wa.me\/917347700888\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0WhatsApp<\/a>, or email to learn more about mutual funds, or visit our website,<a class=\"\" href=\"https:\/\/prodigypro.co.in\/\">\u00a0Prodigy Pro<\/a>. Alternatively, you can download the<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.bfc_mf.prodigy_app&amp;pcampaignid=web_share\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0Prodigy Pro<\/a>\u00a0app to start investing today!<\/p>\n\n\n<div ><style>#sp-ea-691 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 300ms;}#sp-ea-691.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid #e2e2e2; }#sp-ea-691.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #ffffff;}#sp-ea-691.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: #fff; color: #444;}#sp-ea-691.sp-easy-accordion>.sp-ea-single {background: #7c8cff;}#sp-ea-691.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: left; color: #444;font-size: 16px;}<\/style><div id=\"sp_easy_accordion-1779176005\"><div id=\"sp-ea-691\" class=\"sp-ea-one sp-easy-accordion\" data-ea-active=\"ea-click\" data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card ea-expand sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"What_are_the_problems_the_fiscal_deficit_can_cause\"><\/span><a class=\"collapsed\" id=\"ea-header-6910\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6910\" aria-controls=\"collapse6910\" href=\"#\" aria-expanded=\"true\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-minus\"><\/i> What are the problems the fiscal deficit can cause?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse collapsed show\" id=\"collapse6910\" data-parent=\"#sp-ea-691\" role=\"region\" aria-labelledby=\"ea-header-6910\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">Fiscal deficit increases government debt levels if financed through borrowing, creates inflationary pressure, and, most importantly, reduces the government\u2019s future finance expenditure. <\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"What_are_the_two_sources_to_finance_the_fiscal_deficit\"><\/span><a class=\"collapsed\" id=\"ea-header-6911\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6911\" aria-controls=\"collapse6911\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What are the two sources to finance the fiscal deficit?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6911\" data-parent=\"#sp-ea-691\" role=\"region\" aria-labelledby=\"ea-header-6911\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">There are basically two sources to finance the fiscal deficit. These are deficit financing, which is printing new currency, and the other one is borrowing.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"How_to_reduce_the_fiscal_deficit\"><\/span><a class=\"collapsed\" id=\"ea-header-6912\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6912\" aria-controls=\"collapse6912\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> How to reduce the fiscal deficit?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6912\" data-parent=\"#sp-ea-691\" role=\"region\" aria-labelledby=\"ea-header-6912\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">The government can reduce the fiscal deficit by investing in assets, improving efficiency in public spending, and increasing revenue.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"What_percentage_is_the_target_of_Indias_fiscal_deficit\"><\/span><a class=\"collapsed\" id=\"ea-header-6913\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6913\" aria-controls=\"collapse6913\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> What percentage is the target of India&#8217;s fiscal deficit? <\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6913\" data-parent=\"#sp-ea-691\" role=\"region\" aria-labelledby=\"ea-header-6913\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">The target is 4.4% of the country\u2019s gross domestic product (GDP) for the financial years 2025-26.<\/span><\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><span class=\"ez-toc-section\" id=\"Can_FDI_reduce_the_fiscal_deficit\"><\/span><a class=\"collapsed\" id=\"ea-header-6914\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6914\" aria-controls=\"collapse6914\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Can FDI reduce the fiscal deficit?<\/a><span class=\"ez-toc-section-end\"><\/span><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6914\" data-parent=\"#sp-ea-691\" role=\"region\" aria-labelledby=\"ea-header-6914\"> <div class=\"ea-body\"><p><span style=\"font-weight: 400\">Yes, it can. When the FDI is increased, it will lead to higher economic growth that improves government revenue and reduces deficit.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div>\n\n\n<p><strong>Disclaimer \u2013<\/strong> This article is for educational purposes only and does not intend to substitute expert guidance. Mutual fund investments are subject to market risks. Please read the scheme-related document carefully before investing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiscal Deficit To brief you in the most simple terms, the fiscal deficit basically indicates how much a government needs to borrow in terms of meeting the..<\/p>\n","protected":false},"author":1,"featured_media":693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1086,1088,322,1087,1082,1081,1083,1084,1089,1085],"class_list":["post-692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-causes-of-fiscal-deficit","tag-effects-of-fiscal-deficit","tag-fiscal-deficit","tag-fiscal-deficit-examples","tag-fiscal-deficit-explained","tag-fiscal-deficit-formula","tag-fiscal-deficit-in-india","tag-fiscal-deficit-meaning","tag-government-budget-deficit","tag-what-is-fiscal-deficit"],"_links":{"self":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/comments?post=692"}],"version-history":[{"count":1,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/692\/revisions"}],"predecessor-version":[{"id":694,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/posts\/692\/revisions\/694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/media\/693"}],"wp:attachment":[{"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/media?parent=692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/categories?post=692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prodigypro.co.in\/blog\/wp-json\/wp\/v2\/tags?post=692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}