excess of total expenditure over total receipts
excluding borrowings during a fiscal year.
Fiscal deficit shows the borrowing requirements of the govt. during the budget year.
indicator of the increase in future liabilities of the government on interest payment and loan repayment
Primary deficit is defined as fiscal deficit minus interest payments on previous borrowings
excluding interest payment. Gross Primary deficit = Fiscal deficit – Interest payments
Net Primary deficit = Fiscal deficit + Interest received – Interest payments It shows the total amount that the central government needs to borrow.
excess of total revenue expenditure of the government over its total revenue receipts.
excess of total expenditure over total receipts excluding borrowings during a fiscal year.
fiscal deficit minus interest payments on previous borrowings
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