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From the budget estimates of government ...

From the budget estimates of government of India , calculate (i) Revenue deficit (ii) Fiscal deficit (iii) Primary deficit .

Text Solution

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1. Revenue deficit = Revenue expenditure - Revenue receipts
= 2811 - 2037 = ₹ 774 crore
2. Fiscal deficit = Total expenditure - Total receipts excluding borrowings
= (Revenue exp. + Capital exp.) - (Revenue receipts + Recoveries of loans and other receipts )
= (2811 + 550) - (2037 + 240)
= 3361 - 2277 = ₹ 1084 crore
3. Primary deficit = Fiscal deficit - Interest payment
= 1084 - 1020 = ₹ 64 crore
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