A country’s fiscal deficit stands at ₹50,000 crore. It is receiving ₹10,000 crore through non-debt creating capital receipts. The country’s interest liabilities are ₹1,500 crore. What is the gross primary deficit?
Question:
A country’s fiscal deficit stands at ₹50,000 crore. It is receiving ₹10,000 crore through non-debt creating capital receipts. The country’s interest liabilities are ₹1,500 crore. What is the gross primary deficit?
A country’s fiscal deficit stands at ₹50,000 crore. It is receiving ₹10,000 crore through non-debt creating capital receipts. The country’s interest liabilities are ₹1,500 crore. What is the gross primary deficit?
Options
Answer: ₹48,500 crore
Explanation:
Gross primary deficit = Fiscal deficit - Interest payments - Non-debt receipts = 50,000 - 1,500 = 48,500 crore.
Explanation:
Gross primary deficit = Fiscal deficit - Interest payments - Non-debt receipts = 50,000 - 1,500 = 48,500 crore.
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