Question
Download Solution PDFIf the value of gross fiscal deficit will be more than net interest liabilities, the value of gross primary deficit will be ______.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Positive.
Key Points
- Gross fiscal deficit:-
- It is the excess of total expenditure, including loans net of recovery over net of revenue and non-debt capital receipts.
- It is an indicator of the total borrowings needed by the government.
- GFD is calculated as follows: GFD = Total expenditure - (Revenue receipts + Non-debt capital receipts)
- If the value of gross fiscal deficit will be more than net interest liabilities, the value of gross primary deficit will be positive. (Hence option 3 is correct).
Additional Information
- Gross primary deficit:-
- It is the difference between the government's gross fiscal deficit and its net interest liabilities.
- Net interest liabilities:-
- It is the difference between the government's interest payments and its interest receipts.
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