CUET Preparation Today
To obtain an estimate of borrowing on account of current expenditures exceeding revenues, we need to calculate what has been called the primary deficit. Gross primary deficit... |
Total expenditure - Total Revenue. Gross fiscal deficit - Net interest liabilities. Net borrowing at home + Borrowing from RBI + Borrowing from abroad. Total expenditure - (Revenue receipts + Non-debt creating capital receipts). |
Gross fiscal deficit - Net interest liabilities. |
The correct answer is Option (2) → Gross fiscal deficit - Net interest liabilities. Gross primary deficit = Gross fiscal deficit – Net interest liabilities |
