Primary deficit in a government budget is: (Choose the correct alternative). |
(a) Revenvue expenditure - Revenvue receipts |
(b) Total expenditure - Total receipts |
(c) Revenvue dificit - Revenvue payments |
(d) Fiscal dificit - Interest payments |
Answer:
Primary deficit in a government budget is Fiscal Deficit - Interest Payments. Primary deficit indicates the amount of borrowings required by the government to meet the expenditure other than interest payments. Hence, the correct answer is option (d).
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