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The primary deficit in a government budget is: -

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Question

The primary deficit in a government budget is:

Options

  • Revenue expenditure − Revenue receipts

  • Total expenditure − Total receipts

  • Revenue deficit − Interest payments

  • Fiscal deficit − Interest payments.

MCQ

Solution

Fiscal deficit − Interest payments.

Explanation:

The gap between the current fiscal deficit and interest payments on earlier borrowings is referred to as the primary deficit. It represents the government's borrowing needs, excluding interest.

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Objectives of Government Budget
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