Question

The difference between fiscal deficit and interest payment is known as ______

पर्याय

• Revenue deficit

• Fiscal deficit

• Primary deficit

• None of the above

Answer 1

The difference between fiscal deficit and interest payment is known as Primary deficit

Explanation:

The primary deficit is the difference between the fiscal deficit and interest payments. Fiscal Deficit - Interest Payments = Primary Deficit. The government's interest payments on public debt are transfer payments.