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A government budget shows a primary deficit of ₹ 4,400 crore. The revenue expenditure on interest payment is ₹ 400 crore. How much is the fiscal deficit? - Economics

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Question

A government budget shows a primary deficit of ₹ 4,400 crore. The revenue expenditure on interest payment is ₹ 400 crore. How much is the fiscal deficit?

Numerical
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Solution

Given: Primary Deficit = ₹ 4,400 crore, Interest Payment = ₹ 400 crore

Fiscal Deficit = Primary Deficit + Interest Payments

= 4,400 + 400

= ₹ 4,800 crore

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Chapter 17: Government Budget - TEST YOURSELF QUESTIONS [Page 344]

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Frank Economics [English] Class 12 ISC
Chapter 17 Government Budget
TEST YOURSELF QUESTIONS | Q 33. | Page 344
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