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Answer : 1. "Revenue deficit and interest receipts"
Gross primary deficit is the difference between ______.
5Q:
Gross primary deficit is the difference between ______.
- 1Revenue deficit and interest receiptstrue
- 2Gross fiscal deficit and interest receiptsfalse
- 3Revenue deficit and interest paymentsfalse
- 4Gross fiscal deficit and net interest liabilitiesfalse
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Answer : 1. "Revenue deficit and interest receipts"
Explanation :
Gross primary deficit refers to the difference between the current year's fiscal deficit and interest payments made on the previous year's borrowings. In other words, it represents the fiscal deficit of the government excluding interest payments.