O46. according to formula
Primary deficit=fiscal deficit - int payment....hence fiscal def=primary def + int pay.....than why ans is option a
Dear Student
Correct Answer is option B
Fiscal deficit refers to the excess of total expenditure over total receipts (excluding borrowings) during the given fiscal year.
Primary deficit refers to the difference between fiscal deficit of the current year and interest payments on the previous borrowings.
Regards
Correct Answer is option B
Fiscal deficit refers to the excess of total expenditure over total receipts (excluding borrowings) during the given fiscal year.
Primary deficit refers to the difference between fiscal deficit of the current year and interest payments on the previous borrowings.
- Primary deficit = Fiscal deficit - Interest payments
- Fiscal deficit = Primary Deficit + Interest Payments
Regards