In a hypothetical economy, the total expenditure is Rs.700 crore, revenue receipts are Rs. 300 crore, non-debt capital receipts is Rs. 250 crore and net interest liability is Rs. 50 crore. The primary deficit for such an economy would be ___________.
In a hypothetical economy, the total expenditure is Rs.700 crore, revenue receipts are Rs. 300 crore, non-debt capital receipts is Rs. 250 crore and net interest liability is Rs. 50 crore. The primary deficit for such an economy would be ___________.
Solution
✅ Correct Option: 2
Fiscal deficit Total expenditure (Revenue receipts Non-debt capital receipts) crore.
Primary deficit Fiscal deficit Net interest liability crore.
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