Question

Which of the following lists the different types of budget deficits identified and measured in the budget?

Options

• Fiscal Deficit, Current Account Deficit and Trade Deficit

• Primary Deficit, Secondary Deficit and Revenue Deficit

• Trade Deficit, Revenue Deficit and Capital Deficit

• Revenue Deficit, Fiscal Deficit and Primary Deficit

Answer 1

The budget identifies and measures three types of deficit: Revenue Deficit, Fiscal Deficit and Primary Deficit. Each of these is calculated using its own distinct formula from budget figures.