Which of the following deficit shows excess of government expenditure over receipts other than burden of interest payments ? |
Revenue Deficit Fiscal Deficit Primary Deficit Budgetary Deficit |
Primary Deficit |
Primary deficit refers to the difference between the current year's fiscal deficit and interest payment on previous borrowings. Revenue deficit is concerned with the revenue expenditures and revenue receipts of the government. Revenue deficit = Revenue expenditure + Revenue receipts. Budgetary deficits occur when the government expenditure exceeds the receipts. Fiscal Deficit is the excess of total expenditure over total receipts excluding borrowings. |