Which of the following deficit shows excess of government expenditure over receipts other than burden of interest payments ?
Which of the following deficit shows excess of government expenditure over receipts other than burden of interest payments ?
Solution
✅ Correct Option: 3
Primary Deficit = Fiscal Deficit minus Interest Payments. It reflects the excess of government expenditure over total receipts excluding the burden of interest payments, indicating borrowing requirement for current year needs.
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