Identify which of the following statements is true ........

Introductory Macro Economics Government Budget and Economy

Identify which of the following statements is true.

The difference between planned revenue expenditure and planned revenue receipts is called Fiscal deficit.

The difference between total planned expenditure and total planned receipts is called fiscal deficit.

The difference between total planned receipts and interest payment is called primary deficit.

The sum of primary deficit and interest payment is called fiscal deficit.

Option (4) is correct.
Explanation: It refers to the excess of total expenditure over total receipts excluding borrowings.

Submit Error